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Oil traders flee amid speculation Opec may freeze output

Cartel's Sept 27 meeting comes after IEA said global oversupply will last longer than previously thought

Published Mon, Sep 19, 2016 · 09:50 PM

New York

OIL speculators headed for the sidelines as Opec members prepare to discuss freezing output in the face of signs that the supply glut will linger.

Money managers cut wagers on both falling and rising crude prices before talks between Opec and other producers later this month.

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