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Signs of OPEC maintaining supply cuts sent oil prices soaring in the international market on Monday. Benchmark Brent crude rose 1.3%, to $73.17 a barrel. US West Texas Intermediate (WTI) crude was traded 1.3% higher than their last close, at $63.58 a barrel. OPEC de-facto leader Saudi Arabia yesterday said that the cartel members and allies were on a consensus to reduce crude inventories “gently”.
