Oil edges up towards $49, US drilling slowdown supports
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Oil edges up towards $49, US drilling slowdown supports

LONDON: Oil edged up to about $49 a barrel on Monday after fewer drilling rigs were added in the United States last week, helping ease concerns that surging shale supplies will undermine OPEC-led production cuts. US drillers added two oil rigs in the week to July 14, bringing the total to 765, Baker Hughes said

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