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High oil price volatility not driven by market fundamentals, Algeria says

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LONDON — Algerian energy minister Mohamed Arkab believes that elevated oil price volatility in recent weeks is driven by fears of an economic slowdown rather than oil market fundamentals, he said in a statement seen by Reuters on Wednesday.

The statement comes ahead of a Sept. 5 meeting of the OPEC+ producer alliance to set its oil policy. (Reporting by Ahmad Ghaddar Editing by David Goodman)

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