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Brent crude climbs as International Energy Agency says oil may have bottomed out

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Nick FletcherFriday 11 March 2016 

Crude prices and commodity companies are climbing after the International Energy Agency said oil may have bottomed.

The organisation, which coordinates energy policies of industrialised countries, said output from non-Opec countries was beginning to fall quickly and production from Iran – which has only just returned to the export market following the lifting of sanctions – was not dramatic.

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