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Brent crude is up 1% at $50.69 in the wake of last week's moves by oil producers to curb output.
Although an agreement to curb output today would be a major surprise, the debate may pave the way for a potential deal at their next meeting.
The Treasury said the walkout would curb output in public and private sectors, although the figures do allow for savings from workers losing a day's pay.
That's the question being asked about the oil price across the world by industrialists, economists and politicians following Thursday's decision by Opec not to curb output.
Opec struggles to speak with a single voice these days, so it was always a wobbly assumption that the cartel of oil producers would be able to agree a deal with non-members, such as Russia, to curb output.
"I think it's just too early to expect something like that," Deshpande said, adding that Saudi Arabia would likely refuse to any production cuts without Iran agreeing to curb output.
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Markets around the globe have also been supported by a revival in commodity prices, notably oil, which has stabilised following last week's outline of a deal by producers to tackle the supply glut by curbing output.
Members of the cartel were expected to curb production only next year, when Iraqi output is expected to increase.
If the driver fails to take action, the system would fully apply the brakes and curb engine output.
Instead, the Organization of the Petroleum Exporting Countries said it would press its 12 members to "comply fully" with earlier agreements to curb crude output.
But with oil prices at current levels, analysts said members of the Organization of the Petroleum Exporting Countries would find it politically difficult to curb their output now.
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