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Oil settles up 12.3% on production-cut hope - CNBC
CNBC | Oil settles up 12.3% on production-cut hope CNBC U.S. crude prices jumped as much as 13 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk. Despite the strong daily gain, oil ... Today's 12% Pop In Oil Changes Nothing Here's The Real Problem With Oil Oil surges as bearish bets are squeezed |
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