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Oil edges up amid OPEC cuts, U.S. sanctions on Iran and Venezuela

Oil prices edged up on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets in check.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/SzUDiYko6wU/oil-edges-up-amid-opec-cuts-u-s-sanctions-on-iran-and-venezuela-idUSKCN1Q103A