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1/4/17

Oil prices hit 18-month high as output cut begins #okc #news #wth



Oil prices have hit an 18-month high as OPEC members and other big oil exporters cut crude production. Brent crude jumped more than 2 percent to hit 58 dollars and 37 cents, which is its highest rate since July 2015. U.S. light crude oil also reached 55 dollars and 24 cents, following a 1-point-52 dollar rise per barrel. The production cuts are raising hopes that the global oil oversupply will diminish. January one marked the implementation of a deal agreed by the OPEC and other exporters to reduce output by almost 1.8 million barrels per day. Dean Henderson Author and Commentator Watch Live: http://bit.ly/2d1SZ22 Twitter: http://twitter.com/PressTV LiveLeak: http://bit.ly/1vSsr0J Facebook: http://bit.ly/1scKgcl Google+: http://bit.ly/1vSsr0K Instagram: http://bit.ly/1uWOZMS Dailymotion: http://bit.ly/2cu5uOA


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