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U.S. Crude Futures Top $75 for First Time Since October 2018

West Texas Intermediate crude futures topped $75 a barrel for the first time since October 2018, with OPEC and its allies expected to agree on a gradual path of output hikes.

Futures in New York advanced as much as 2.2% to 75.05 a barrel, and traded at $74.99 as of 11:55 a.m. London time.