May 19, 2017
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Oil prices climb on hopes output cuts will be extended

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Oil futures rose in early trading on Friday on growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude, with key benchmarks heading for a second week of gains.

Brent crude LCOc1 was up 12 cents at $52.63 at 0006 GMT, after settling up half a percen…

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