Oil prices sees marginal gains after 3 declines

Oil prices sees marginal gains after 3 declines
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Mubasher: Oil prices rose on Tuesday, as Nymex crude went up 0.1% to settle at $57.53 per barrel, after ending the last three sessions in decline.

Investors are expecting a decrease in oil supplies, after the extension of the OPEC-led output curb by 1.8 million barrel per day until the end of 2018.

The agreement aims at reducing the risk of an oversupply, as the oil market is rebalancing.

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Source: Mubasher

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