Oil rise after Iraq signals cut extension

Oil rise after Iraq signals cut extension

Oil prices rose on Wednesday after Iraq’s oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a smaller-than-expected increase in U.S. inventries. U.S. West Texas Intermediate (WTI) crude futures were up 33 cents, or 0.6 percent, at $49.78…

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