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Oil Market “Heading In The Right Direction” Says Iraqi Oil Minister

According to Iraqi Oil Minister Jabar al-Luaibi, the oil market “is heading in the right direction … it will continue to stabilize until the end of the year,” he told reporters on Monday.

As reported by Reuters, “The global oil market is stabilizing as crude inventories are falling… but Global oil producers agree that they should continue cooperating on output after their deal on supply cuts expires at the end of this year, Saudi Energy Minister Khalid al-Falih said on Sunday.”

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