Oil Climbs for a Fifth Day With Output Cuts Easing Glut Concern
The SCF Provider crude oil tanker is anchored in the Pacific Ocean in this aerial photograph taken above Long Beach, California, U.S. (Photographer: Patrick T. Fallon/Bloomberg)

Oil Climbs for a Fifth Day With Output Cuts Easing Glut Concern

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(Bloomberg) -- Oil headed for the longest run of daily gains in more than nine months as the impact of production cuts indicated the glut may be beginning to ease.