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Oil climbs to five-month high

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Oil prices hit their highest level on Monday since November 2018.

International benchmark Brent and U.S. West Texas Intermediate hit highs of $70.83 and $63.53 a barrel, respectively.

The Organization of the Petroleum Exporting Countries pledged to withhold some 1.2 million barrels per day at the start of 2019.

Read more from Reuters.

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