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Oil market rebounds, lifted by IEA report

NEW YORK: World oil prices rebounded Friday after the International Energy Agency declared there were signs "the tide will turn" in the battered market following recent multi-year lows.

Oil prices edge up in Asian trade

SINGAPORE: Oil prices rebounded in Asia Friday after plunging in the previous session in reaction to news that OPEC had overproduced in December, while it also cut its global demand outlook.

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