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Oil prices jump on OPEC-led production cut deal

Global oil prices have surged after a tentative deal was reportedly cut to ease production and tackle a fresh supply glut.
US crude and Brent crude prices entered bear market territory last month - only weeks after hitting their highest level for four years - as growing supplies of US shale oil combined with fears around a slowing global economy.
On Friday, following a tough round of talks in Vienna, the Organisation of Petroleum Exporting Countries (OPEC) signalled output would fall next year - and by a greater margin than some market experts had predicted.
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