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Crude oil prices hit year's peak on output cuts, geopolitics

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Oil ministers attending a press conference at the end of the 13th meeting of Opec and non-Opec countries on Monday.

Singapore

CRUDE oil prices bounced back resolutely and hit a peak for this year on Tuesday as the market shifted its gaze from global macro woes that could hurt oil consumption to upside news for the commodity - dwindling output and geopolitics.

"Opec's (Organization of the

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