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oil output cuts

Saudi crown prince backs rollover of oil output cuts

RIYADH: Saudi Crown Prince Mohammed bin Salman said the kingdom supports extending a deal by oil producers to cut crude output beyond March next year. "Of course," he said in an interview with Bloomberg News published Thursday when asked if Riyadh will back an extension of the deal struck by OPEC and non-OPEC producers a year ago. "We need to continue stabilising the market," he said in the interview given on the sidelines of a three-day investment summit in the Saudi capital. Oil producers led by OPEC kingpin Saudi…