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Oil+Trades+Above+%2460+on+Signs+of+Saudi+Confidence+in+Rebound
Friday, 26 December 2014 - 13:04
Oil Trades Above $60 on Signs of Saudi Confidence in Rebound
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Oil traded above $60 a barrel in London amid the highest volatility in more than three years as Saudi Arabia, the world’s largest crude exporter, is seen to be signaling its confidence in the market.


Brent futures rose as much as 0.6 percent, gaining for the second time in three days.


Saudi Arabia’s assumption of oil at $80 a barrel for next year is sending a message that the government expects a rebound in prices.
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