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Oil Trades Near 5-Week High After Reaching $50 on Demand Growth - Bloomberg
CNBC | Oil Trades Near 5-Week High After Reaching $50 on Demand Growth Bloomberg While oil has rebounded the past two weeks, prices have struggled to hold above $50 a barrel this year as rising U.S. output stifles supply curbs led by members of the Organization of Petroleum Exporting Countries. The group and its allies are said to ... Betting against oil after it tops $50 a barrel has been a really good trade Oil prices holding gains as demand outlook brightens Oil punches through $50 US a barrel as world demands more crude |
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