Oil up nearly 3 percent on OPEC output speculation as glut grows

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Oil up nearly 3 percent on OPEC output speculation as glut grows
08 August 2016, News Wires – Oil prices settled up nearly 3 percent on Monday amid renewed speculation that OPEC would try to restrain output, easing oversupply worries that pressured the market to three-month lows last week. The Wall Street Journal reported last week that OPEC countries such as Venezuela, Ecuador and Kuwait want to take […] More »
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