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Optimism masks Iran risk to oil rally from 12-year low

Tuesday, June 7, 2016 - 05:50

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Iran is seeking to raise output even further, aiming for 4.8 million barrels a day in five years.

Hong Kong

OIL'S recovery from a 12-year low may be too good to last as Iranian output rebounds faster than expected.

Opec last week stuck to its policy of unfettered production, deciding against a new output ceiling as the price rally supported optimism among its members that the

sentifi.com

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