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Reuters: Oil rises 2 percent to above $36 after UAE cuts supplies

Started by chris, December 26, 2008, 03:59:20 AM

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chris

Oil rises 2 percent to above $36 after UAE cuts supplies
      


TOKYO (Reuters) - Oil climbed above $36 a barrel on Friday, after the UAE joined Saudi Arabia in deepening oil supply curbs to comply with OPEC's biggest-ever output cut last week, telling refiners it would stiffen shipping limits on exports of its main grades.<div class="feedflare">
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