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Oil prices recover after extension of OPEC agreement
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Economy News Baghdad: Oil prices rebounded in the global market on Thursday after a four-day drop as US inventories increased as a result of the OPEC extension. At 11:30 am Baghdad, Brent crude was up 0.36%, or 22 cents, to 62.10 dollars a barrel, while West Texas crude was up 55 cents to $ 55.44. Experts predict that oil prices will continue to rise during the next two days as a result of the extension of the OPEC agreement, which aims to withdraw 32 million barrels per day of oil supply in the global market. |
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