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Oil at US$53; Kuwait sees price rise continuing
Futures unchanged after 3.1% rise
Published Tue, Feb 17, 2015 · 09:50 PM
Melbourne
OIL held near US$53 a barrel in New York as Kuwait's oil minister predicted that a price rebound will continue amid a shrinking surplus.
Futures were little changed after rising 3.1 per cent on Feb 13. Floor trading was closed on Monday for a holiday.
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