Oil holds gains on signs of shale slowdown as OPEC output falls
The oil price stuck with gains near a two month high as data showed a growing US production at a time when OPEC output reductions and sanctions on Venezuela have somewhat eased concerns over excessive supply.
BY TSUYOSHI INAJIMA, BLOOMBERG
Oil held gains near a two-month high after data showed US production growth slowing at a time when OPEC cuts and American sanctions on Venezuela have already eased concerns over a supply glut.
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