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Oil falls as investors lose confidence in production freeze deal
Published Mon, Apr 4, 2016 · 09:50 PM
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London
OIL fell on Monday as investors ditched some of their bullish bets on another price rise and the chances that top exporters will agree to rein in overproduction appeared to fade.
Iran will continue increasing oil production and exports until it reaches the market position it enjoyed before the imposition of sanctions, Oil Minister Bijan Zanganeh was quoted by the semi-official Mehr news agency as saying.
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