Oil Prices Rise, but US Out­put Prospect Looms

The Economic Times - - Finance & Commodities -

Oil prices rose but gains were limited as in­vestors gauged whether an in­crease in US drilling rigs and record stock­piles might off­set the ex­ist­ing push by pro­duc­ers to cut out­put and bring the mar­ket into bal­ance. Brent fu­tures were up 33 cents at $56.14 a bar­rel at 1235 GMT.

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