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Oil pares gains after Saudi, Russia sign pact

September 5, 2016 by · Leave a Comment 

By Ahmad Ghaddar LONDON (Reuters) – Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate on stabilizing the oil market, including limiting output. Saudi Arabia and Russia said on the sidelines of the G20 summit in China that they signed an agreement to set up a task force to review oil market fundamentals and to recommend measures and actions that will secure…

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Oil pares gains after Saudi, Russia sign pact