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Oil prices rise on supply deficit concerns
Oil prices rose on Tuesday for the fourth consecutive session, as weak shale output in the US spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. US West Texas Intermediate crude futures rose 99 cents, or 1.1%, to $92.47, by 0400 GMT, while global oil benchmark Brent crude futures rose 58 cents, or 0.61%, to $95.01 a barrel. Prices have gained for three consecutive weeks, and are now around 10-month highs for both benchmarks. US oil output from top shale-producing regions is on track to fall to 9.393 million barrels per day (bpd) in October, the lowest ... (full story)