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Oil prices pause after sharp falls

19 Jun 2017 19:31

[LONDON] Oil prices edged higher on Monday, pausing for breath after coming under pressure over the past month from rising production in the United States, Libya and Nigeria, which has taken the edge off an Opec-led initiative to support the market by cutting production.

Brent crude futures were trading 17 US cents higher at US$47.54 per barrel by 1015 GMT.

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Source: Business Times Breaking News
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