Oil prices traded higher on Thursday in Asia as the Organization of the Petroleum Exporting Countries (OPEC) revised its deficit forecast for next year.U.S. Crude Oil WTI Futures gained 0.1% to $58.84 by 12:18 AM ET (04:18 GMT). International Brent Oil Futures gained 0.4%.In a report released overnight, OPEC said it now expected a small deficit in the oil market in the next year, suggesting the market is tighter than previously thought.
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