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FGE In The Media

US oil extends rally on hopes global glut will soon start to ease

Article by: Mark Shenk, Australian Financial Reivew
Date Published: October 07, 2016
Who was cited: Dr. Fereidun Fesharaki, Chairman

Oil climbed above $US50 a barrel in New York for the first time since June as declines in US crude inventories and OPEC's pledge to reduce supply lifted hopes the global glut may clear.

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