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Oil prices rise further, touching highest point in almost three years

Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and expectations of U.S. crude inventories fell for an eighth week.
 
The Organisation of the Petroleum Exporting Countries and allies including Russia are keeping supply limits in place in 2018, a second year of restraint, to reduce a price-denting glut of oil held in inventories.
 
U.S. crude rose 47 cents to $62.20 and also reached its highest since May 2015.     


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