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Oil dips from three-year highs but OPEC supply draw supports

Updated : April 13, 2018 06:11 AM IST

The OPEC said the global oil stocks surplus was close to evaporating due to healthy demand and its own supply cuts.
OPEC, Russia and several other non-OPEC producers began trimming supply in January 2017.
The group is producing oil below its targets, meaning the world needs to use stocks to meet rising demand.
Oil dips from three-year highs but OPEC supply draw supports

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