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The major oil metrics added around $0.30........>

OIL
OIL: The major oil metrics added around $0.30 each.
- Saudi Arabia is said to have cut crude output in July, while U.S. drillers cut
the number of active rigs in the latest Baker Hughes rig count data.
- Elsewhere Iran noted that Russia told OPEC that it will be boosting output by
170K b/d, while the UAE planned to add 160K b/d and Kuwait planned to add 85K
b/d according to the reports.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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