London — Oil prices dipped on Friday in muted activity because of the US Thanksgiving holiday while Opec watchers expect an extension to a pact to throttle oil output, but no deeper cuts to be agreed by the producer group and its allies next week.

Brent crude futures were down 29c at $63.58 a barrel by 10.43am GMT, heading for their biggest monthly gain since April with a rise of about 5.6%. ..

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