Oil in First Weekly Gain in a Month With Output Cuts Starting
Rail wagons for oil, fuel and liquefied gas cargo stand in sidings at Yanichkino railway station, cose to the Gazprom Neft PJSC Moscow refinery in Moscow, Russia. (Photographer: Andrey Rudakov/Bloomberg)

Oil in First Weekly Gain in a Month With Output Cuts Starting

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(Bloomberg) -- Oil headed for its first weekly gain in a month as global production cuts start to lift physical markets and demand shows tentative signs of recovery.