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COMMODITIES

Oil price soars, gold climbs while tin slumps

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The Organization of the Petroleum Exporting Countries (Opec) predicted that US crude production would fall in the final half of the year, reducing the global oversupply.

London

STAR commodity performer oil surged in value last week on hopes that easing US shale output could help curb the stubborn global supply glut, analysts said.

"Oil prices rose sharply in the past week, supported by further evidence that US production and crude stocks are close...

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