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After OPEC deal, oil expected to rally
The Organization of the Petroleum Exporting Countries reached its first deal to cut oil output since 2008 - signaling its return to managing supply in world markets. The path ahead for the oil market, however, is expected to be volatile, as those who positioned for a rally unwind their trades to book profits. The possibility that OPEC will be unable to meet its commitment to cut production could also undermine prices as well.
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