April 13, 2016 - 11:31 PM EDT
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Crude Oil Flat Ahead Of Doha Meeting

WASHINGTON (dpa-AFX) - Crude oil futures were flat Thursday morning, staying near this week's yearly peak near $42 a barrel.

An unexpected build in US inventories and downbeat global demand forecast from OPEC halted crude oil's significant rally on Wednesday.

But analysts say there is room for crude oil to rise further pending the outcome of the upcoming Doha meeting between major producers.

Saudi Arabia, Russia and others are said to be nearing a deal to freeze oil output in an effort to keep prices from falling back to February's 13-year lows of $26.

May WTI crude oil was up 3 cents at $41.77 a barrel this morning.

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Source: Equities.com News (April 13, 2016 - 11:31 PM EDT)

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