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Opec convinces investors its oil output cuts are real

Money managers most optimistic on WTI prices in a decade as producers reduce crude output

Published Mon, Jan 30, 2017 · 09:50 PM
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New York

THE Organization of the Petroleum Exporting Countries (Opec) appears to have persuaded investors that it is making good on promised production cuts.

Money managers are the most optimistic on West Texas Intermediate (WTI) oil prices in at least a decade as Opec and other producers reduce crude output.

Saudi Arabia has said th…

KEYWORDS IN THIS ARTICLE

oil

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