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Oil rebounds as Saudi Arabia hints at Opec deal for September

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Published Sun, Aug 14, 2016 · 09:50 PM

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OIL rebounded last week from recent lows after Opec sprang a surprise September meeting, at which Saudi Arabia hinted that producers could agree to limit output.

At 1600 GMT on Friday, West Texas Intermediate (WTI) crude for September delivery added 84 cents at US$44.33 a barrel compared with Thursday's closing level.

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