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Oil extends rebound on US inventory miss, output cut bets - The Australian Financial Review
The Australian Financial Review | Oil extends rebound on US inventory miss, output cut bets The Australian Financial Review Oil continued to climb a day after its biggest advance of the year as US stockpiles fell more than forecast and two OPEC members said there's a consensus to extend their output cuts. Futures were up as much as 1.9 per cent in New York after surging 3.2 ... What does the future hold for oil? OPEC to US: Please don't pump so much oil! US shale oil boom is actually 'OPEC's friend,' says Goldman's Currie |
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