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Sunday, 13 March 2016 - 13:10
Oil price 'may have bottomed out'
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International Energy Agency said that there is evidence that oil prices are stabilising and could even begin to rise again.

It said lower oil output in the US and other countries was helping to curb the glut in the supply of oil.

The increase in supply from Iran has also been less dramatic than first feared.

Oil prices have plummeted 70 percent since June 2014, falling as low as 27 Dollars per barrel earlier this year.

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