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Oil close to four-month highs on OPEC-led output cuts, U.S. stock draw

Firstpost Monday, 18 March 2019
By Laila Kearney NEW YORK (Reuters) - Oil prices rose to around four-month highs on Monday, aided by the prospect of prolonged OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles. Brent crude futures settled at $67.54 a barrel, rising 38 cents, or 0.6 percent
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News video: OPEC to scrap April meeting but keep oil cuts in place

OPEC to scrap April meeting but keep oil cuts in place 01:00

OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of U.S. sanctions on Iran and the crisis in Venezuela. Ciara Lee reports

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