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Oil report Headlines

UPDATE 4-ConocoPhillips sells oil and gas assets to Cenovus for $13.3 bln

ConocoPhillips on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc for C$17.7 billion ($13.3 billion), making it the latest international oil major to pull back from a region where high costs and low crude prices have made it hard for large companies to make an acceptable return.

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