Oil climbs 1% on Saudi Aramco's Upbeat Demand View, Iraq Supply Cut

Oil climbs 1% on Saudi Aramco’s Upbeat Demand View, Iraq Supply Cut

Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts; although uncertainty over a deal to shore up the U.S. economic recovery capped gains. Brent crude futures rose 34 cents, or 0.8%, to $44.74 a barrel by 0641 GMT, while U.S. West Texas Intermediate (WTI)...

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