Oil Lower On Expectations OPEC Won't Cut Output

NEW YORK – Oil futures cut short an attempted rebound Wednesday on news reports that indicated OPEC is unlikely to cut production. Nymex WTI January crude futures fell 41 cents, or 0.6%, to trade at $73.68 a barrel, after earlier notching a four-year low at $73.30. Reuters, citing three unnamed OPEC delegates, said the cartel is unlikely to lower its output ceiling when it meets Thursday in Vienna.

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