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Brent oil climbed to the highest level this year after OPEC approved its first supply cuts in eight years, with the focus now shifting to how strictly the group will implement the deal.OPEC agreed to reduce collective output by 1.2 million barrels a day to 32.5 million and Russia pledged a cut of 300,000, prompting predictions of a possible crude rally to $60 a barrel from Goldman Sachs Group Inc. and Morgan Stanley.Iraq, the group's second-largest producer, agreed to cut by 210,000 barrels a day from October levels.Russia, the biggest producer outside OPEC, will cut output by as much as 300,000 barrels a day from the current level of 11.2 million barrels a day, Energy Minister Alexander Novak said Thursday.
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