Oil Tops $55 for First Time in 16 Months as OPEC Deal Fuels Buying

Oil Tops $55 for First Time in 16 Months as OPEC Deal Fuels Buying

Brent crude oil rose above $55 a barrel on Monday, trading at a 16-month high, on rising prospects of a tightening market after OPEC agreed a landmark deal to cut production last week.

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