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...Front-month October Brent settled at $49.06/b on 30 September, up from $45.45/b on 1 September, and NYMEX WTI settled at $48.24/b, up from $43.16/b. Almost two years after Opec decided to raise exports in its fight for market share, the group of oil producers at long last coalesced behind an output strategy that will see the organization rein in production to between 32.5 million b/d and 33 million b/d in a bid to support crude oil prices. This was announced by Iran’s oil minister Bijan Zanganeh who met with Saudi Arabia’s Khalid Al-Falih. ...Live Mint on Oct. 14, 2016, 1:08 a.m.