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Oil climbs as Venezuela sees output deal, Libya suffers clashes

September 19, 2016 by · Leave a Comment 

Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an output deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted. Venezuelan President Nicolas Maduro has said that a deal could be announced this month to stabilize oil markets, which have come under pressure due to a persistent glut and a …

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Oil climbs as Venezuela sees output deal, Libya suffers clashes