Oil Posts Five-Week High After U.S. Cuts Production Outlook
A man paddles a boat as a Petroleo Brasileiro SA (Petrobras) oil rig stands under construction beyond gantry cranes at the Verolme shipyard near Angra dos Reis, Brazil. (Photographer: Dado Galdieri/Bloomberg)

Oil Posts Five-Week High After U.S. Cuts Production Outlook

(Bloomberg) -- Oil climbed to the highest level since early April after the U.S. government lowered its output forecast for the year.
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