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Several large LTO producers have been boasting of achieving large reductions in production costs in recent weeks. At the same time, producer hedging has reportedly gone steeply up, as companies took advantage of the rally to lock in profits, it would thus be premature to suggest that OPEC has won the battle for market share. The battle, rather, has just started.

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    Barbra Streisand's first line in her first movie was...?
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    B "Hello, Dolly!"
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