


| Oil set for first weekly gain in a month as OPEC+ output cuts come into effect |
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Oil headed for its first weekly gain in a month as global production cuts began to take effect, while early signs the coronavirus-driven plunge in demand might be starting to bottom out also aided sentiment. Futures in New York rose toward $20 a barrel in Asian trading and are up around 16 percent so far this week.
Posted: 2020-05-01 06:41:00
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