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Oil set for biggest weekly gain in two years


SINGAPORE: Oil headed for its biggest weekly gain in over two years on hopes that Opec will manage to shrink a glut and trade tensions between the US and China will ease.

Futures in New York have advanced 9.5% this week, as Saudi Arabia pledged that a producer coalition it’s leading will keep the market in balance.

Oil & Gas , Opec , China , US

   

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