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Oil Prices Recover on Weaker Dollar, Output Cuts

24 Jan 2017, 08:27 UTC+00
Oil prices edged up as a weaker dollar and output cuts by OPEC and other producers lifted the market. However, an increase in U.S. production is seen to limit the advance in prices. Brent crude added 38 cents or 0.7% from its last finish, trading at $55.61 per barrel. Meanwhile, the U.S. WTI crude futures were up 37 cents and traded at $53.12 per barrel. The...
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