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Oil Stays Strong After OPEC Deal to Cut Production

Oil prices rose again Thursday, building on momentum from an agreement by OPEC to cut production for the first time since 2008. The decision sent oil prices up by about 10 percent on Wednesday and gave an overall boost in energy stocks. Thursday's gains were more modest with prices rising to about $50 per barrel. Iran's oil minister said OPEC will cut production by 1.2 million barrels, or about 1 percent of the world's global output, down to 32.5 million. Before...

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