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Oil under pressure as Iran orders sharp rise in crude output

Oil prices had briefly stabilized in the previous session, but only after hitting the lowest since 2003 as western sanctions against Iran were lifted, allowing the country with the world's fourth-largest oil and gas reserves to return in full to the market.

January 19, 2016 / 08:34 IST
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first published: Jan 19, 2016 08:21 am

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