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Cuts in oil supply renew bets on price rally

Output down due to violence in Nigeria, export troubles in Libya and wildfires in Canada

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The Canadian wildfire doubled to an area more than five times bigger than New York City in about a week, threatening oil-sand mines.

New York

INVESTORS have some sad reasons to be optimistic about oil prices.

Outbreaks of violence in Nigeria, export troubles in a divided Libya and wildfires ripping across the Canadian oil sands are reviving wagers that crude markets will tighten. Speculators' net-long position

sentifi.com

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