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Oil Drops on Production Cut Skepticism - Wall Street Journal
Wall Street Journal | Oil Drops on Production Cut Skepticism Wall Street Journal Oil prices fell Wednesday following waning optimism that major oil producers will cut production and inventory data that showed rising stockpiles in key areas. Light, sweet crude for January delivery settled down $1.16, or 2.3%, at $49.77 a barrel on ... Oil slips on doubts that output cut will be deep enough to end glut Oil futures settle at lowest level in a week OPEC, US begin 'cat and mouse' oil game as producers pounce on hedges |
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