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Kuwait hails faster than expected oil price rally

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Kuwait City - Kuwaiti Oil Minister Ali al-Omair said on Monday that world crude prices have recovered "faster" than expected and that recent gains will likely hold.

"Oil prices have improved faster than expected," Omair told reporters.

"I think it will last... It started holding gains now and hopefully, in the second part of 2015, we will see better prices," the minister said.

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