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Oil prices rise more than 2%

Oil prices rose more than two per cent on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confirmed expectations that he would stick with his country's policy of limiting crude output to support prices.
 
Brent crude futures gained $1.32 to $62.86 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.44 to $57.96 a barrel.


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