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Oil prices climb over signals of sustained OPEC supply cuts
Sept. 9, 2019
Source: Reuters

Oil prices climb over signals of sustained OPEC supply cuts

Oil prices rose in the international market on Monday, buoyed up by comments from a Saudi official implying no change in Saudi Arabia’s OPEC policy under the new energy minister for the country. International benchmark Brent LCOc1 was priced at $61.61 a barrel. U.S. West Texas Intermediate climbed 0.3%, to $56.72 a barrel. Prince Abdulaziz bin Salman took charge as the energy minister for Saudi Arabia on Sunday.

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