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Opec deal buoys oil & gas-related stocks
Published Thu, Sep 29, 2016 · 09:50 PM
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Singapore
A RISING tide lifts all boats, or so it seems, for oil and gas-related stocks that enjoyed a lift on Thursday from news of a preliminary agreement by the Organization of the Petroleum Exporting Countries (Opec) to cut production.
Two bellwether industry stocks, Keppel Corp and Sembcorp Marine, rose 3.8 per cent to S$5.42 and 5.6 per cent to S$1.33 respectively.
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