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Oil outlook improves 'somewhat' on easing virus lockdowns, output cuts: IEA

But it warns of major uncertainties - possible virus resurgence; whether output cuts can stick


AN EASING of draconian novel coronavirus lockdown measures and a spectacular reduction in output are helping the oil market steady after a "Black April", the International Energy Agency (IEA) said on Thursday.

"Since then, the outlook has improved somewhat and prices, while...

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