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Oil rises, but growing US output threatens rally - Reuters
Reuters | Oil rises, but growing US output threatens rally Reuters LONDON Oil edged up on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained price rise, although growing U.S. output and stubbornly high stockpiles kept price gains in check. Brent futures LCOc1 ... Price of oil lifts but faces prospect of growing US output UPDATE 3-Oil rises, but faces prospect of growing US output OPEC Wins Investors Back as Cuts Prompt Record Bets on Oil |
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