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Oil Slips to Nine-Month Low on Signs Global Glut Will Persist - Bloomberg
Bloomberg | Oil Slips to Nine-Month Low on Signs Global Glut Will Persist Bloomberg Oil tumbled to the lowest level in nine months, pulling energy stocks down, amid growing concerns that OPEC-led output cuts are failing to ease a global supply glut. Futures declined 2.2 percent in New York, entering a bear market for the first time ... Oil tumbles, closes in a bear market, down more than 20 percent from 2017 high Oil prices enter bear market as supply glut fears return Oil hits 7-month lows |
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