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Oil prices rise by 2%

Oil prices rose about two per cent on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply.
 
Brent crude was up $1.06, or 1.9 per cent, at $56.85 a barrel. 
 
U.S. crude rose $1.42, or 2.9 per cent, to $51.00.


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