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OPEC ministers say deal is close; Oil rallies

After weeks of often tense negotiations, OPEC ministers gathering in Vienna expressed renewed optimism about salvaging a deal to cut oil production and prop up global prices. Brent crude rallied as much as 6.1 percent to $49.20 a barrel as Iraqi Oil Minister Jabbar al-Luaibi said OPEC ministers were unanimous in favor of an output …

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