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Tag: Oil Price Hits $55.33

Oil Hits $55.33 High in Buying Rush After OPEC Agreement

Crude rose above 55 dollars a barrel as rising prospects of a tightening market after last weekโ€™s OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices. Mondayโ€™s gains take the rally since the Organization of the Petroleum Exporting...