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Return of US$50 oil eases pressure on Opec

Price rebound lessens likelihood of the bloc agreeing on a quota or output cut


A RECOVERY in the oil price to around US$50 has eased pressure on Opec (Organization of the Petroleum Exporting Countries) to turn down the taps when it gathers in Vienna on Thursday for its first meeting with the powerful Saudi crown prince's new oil minister.

"The general...

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