Oil hovers close to $52 as OPEC touts record compliance, rig count drops

Oil news
Water droplets fall into a pool of oil in Littlebury, U.K., on Thursday, March 27, 2008. Oil fell today, snapping a three-day gain, as concern over supply disruptions from Iraq eased after a pipeline fire was extinguished. Photographer: Graham Barclay/Bloomberg News

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