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Oil Extends Gains on US Output Expectations

LONDON—Oil prices extended their gains Tuesday on expectations that a U.S. oil outlay that has fueled a tellurian oversupply of wanton might shortly start falling.

Crude oil has halved in value given final summer on a behind of surging supply and temperate demand. But prices have been relocating mostly laterally this year on signs of imminent prolongation cuts as companies have responded to a low prices with vast spending reductions.

Article source: http://www.wsj.com/articles/oil-extends-gains-on-u-s-output-expectations-1429002676

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