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Oil prices near mid-2015 highs on strong China data, tighter 2018 outlook

Market poised to make further gains; regional chaos and disorder could underpin prices

Heading into 2018, traders expect market conditions to be relatively tight because of ongoing supply cuts led by Opec and Russia.


OIL prices rose on Thursday, lifted by strong data from top importer China amid thin trading activity ahead of the New Year weekend.

Heading into 2018, traders said market conditions were relatively tight due to ongoing supply cuts led by the Middle East-dominated...

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