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Record Oil Price to Boost Oil Majors’ Profits

LONDON (Reuters) - Exxon Mobil <XOM.N>, Royal Dutch Shell
<RDSa.L> <RDSa.L> and BP <BP.L> are expected to report bumper
first-quarter profits next week, thanks to record crude prices,
but $110 per barrel oil will also squeeze refining profits and
delay a return to oil production growth.

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