Brent oil rises to $40 amid hopes for output cuts, recovery

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Brent oil rises to $40 amid hopes for output cuts, recovery Brent crude futures for August rose 43 cents, or 1.1%, at $40 a barrel, by 0252 GMT. The contract climbed to as high as $40.42, the highest since March 6, after gaining 3.3% on Tuesday.

from Moneycontrol Commodity News https://ift.tt/2XZpeCy

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