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U.S. Oil Export Surge Means OPEC's Output Cuts May Be Doomed

Pratish Narayanan
U.S. Oil Export Surge Means OPEC's Output Cuts May Be Doomed

Oil risks sliding back under $60 a barrel as a surge in U.S. shipments to Asia threatens to undermine a deal between OPEC and its allies, according to ING Groep NV.