Revised forecast: A fire engine passes Opec’s headquarters in Vienna. Opec boosted its forecast for rival supply growth a second month after a recovery in prices. — Reuters
HONG KONG: Oil declined after a rally that has driven prices to the highest level in more than three years as a rebound in US crude output offset a ninth weekly stockpile drop.
Futures slipped 0.8% in New York and are heading for the first weekly drop since mid-December.
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