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Oil sees wild swings as US output hits record

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Oil has risen about 20% since early September on signs that Opec and its allies will extend output cuts past March.

Hong Kong

OIL traded near US$57 a barrel after swinging wildly in the previous session as investors focused on US crude production that climbed to the highest in more than three decades.

Futures were little changed in New York. Prices on Wednesday closed 0.7 per cent lower after

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