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Oil falls as investors lose confidence in production freeze deal

A drilling site in the oil town of Andrews, Texas. US production is proving more resilient to low oil prices than many expected, despite steep cuts in drilling for new reserves and a jump in bankruptcies.


OIL fell on Monday as investors ditched some of their bullish bets on another price rise and the chances that top exporters will agree to rein in overproduction appeared to fade.

Iran will continue increasing oil production and exports until it reaches the market position it

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