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WTI rebound above $80 holds as Goldman Sachs sees no oil glut
West Texas Intermediate is heading for its biggest one-day gain in a month.
View ArticleGoldman sees U.S. oil output unscathed as costs decline
The slump in benchmark U.S. crude futures, which are down more than 40 percent this year, is driving producers to move drill rigs to lower-cost fields, the bank said in an e-mailed report.
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