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Monday, 10 October 2016

Oil price lifted by Russia backing Opec production freeze - BBC News

Oil price lifted by Russia backing Opec production freeze - BBC News:

"Russia has said it will support a proposal by Opec to freeze oil production in order to reverse the slump in global prices.
The move lifted the price of oil, with Brent crude hitting a one-year high.
"Russia is ready to accede to joint measures to reduce [oil] production, and is calling on other oil exporters to do so," said Russian President Vladimir Putin."



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