Oil set for first annual gain in four years before OPEC supply cuts

The North Sea reference oil Brent looks on track for first annual advance in four years ahead of supply reductions from OPEC and other producing nations come into force next month.

BY BEN SHARPLES AND TSUYOSHI INAJIMA, BLOOMBERG

Oil headed for its first annual advance in three years before supply cuts from OPEC and other producing nations next month intended to stabilize the market and reduce swelling global inventories.

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