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Oil prices edge up from seven-month low, but glut keeps dragging

Reuters  |  TOKYO 

TOKYO (Reuters) - Oil prices inched up from seven-month lows in Asian trading on Tuesday, but gains were limited as investors focused on persistent signs of rising supply that are undermining attempts by OPEC and other producers to support prices.Brent futures were up 13 cents at $47.04 at 0034 GMT. On Monday, they fell 46 cents, or 1 percent, to settle at $46.91 a barrel.That was their lowest since Nov. 29, the day before the Organization of the Petroleum Exporting Countries (OPEC) and other producers agreed to cut output for six months from January.U.S. West Texas Intermediate crude ...

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First Published: Tue, June 20 2017. 06:18 IST
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