13-12-2016 15:28 via uk.news.yahoo.com

Oil prices rise as Middle East producers confirm supply cuts

By Sabina Zawadzki LONDON (Reuters) - Oil prices rose on Tuesday, supported by strong demand in Asia and supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs organised by OPEC and other exporters. Meanwhile, China's November crude output fell 9 percent from a year earlier to 3.915 million bpd, data showed on Tuesday.
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