Oil climbs after six losses prompt hearings.

Economy news Baghdad:



Oil prices regained some recovering Tuesday after six consecutive sessions of losses, but the markets are still facing pressure as traders lost confidence that pledges top producers to cut production will reduce global oil supply glut.

By the time 0640 GMT increased us WTI futures 14 cents or 0.3 percent to 49.37 dollars a barrel to stay below $50, which I got off him late last week.
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Global measurement ore increased Brent futures 14 cents or 0.27 percent to 51.74 dollars a barrel.
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Brent declined 10 percent since late 2016 despite efforts led by the Organization of petroleum exporting countries (OPEC) and Russia to cut production by about 1.8 million barrels per day in the first half of this year to reduce the supply in the oil market.
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Russia said on Monday that oil production has jumped to its highest level in 30 years unless extended OPEC and independent producers production cut agreement beyond 30 June
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