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Tuesday, October 10, 2017

Oil rises to $56 on Saudi export cut

Oil rose to around $56 a barrel on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply. Saudi Arabia has cut November allocations by 560,000 barrels per day (bpd), in line with its commi...

Oil rises to $56 on Saudi export cut

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