Goldman Sees Greater Chance of Oil Pact But Success in Doubt

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  • Rising output from Libya, Nigeria cuts odds of rebalancing
  • IEA’s Birol says $60 oil will boost N. American production

Goldman's Currie: Higher Likelihood of an OPEC Agreement

There may be a higher probability of an agreement to cut oil production but the deal may prove self-defeating if resulting rise in prices boosts supply from other producers, according to Goldman Sachs Group Inc.

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