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Oil down 1 percent as dollar jumps on US jobs data - Reuters
Reuters | Oil down 1 percent as dollar jumps on US jobs data Reuters "The dollar/oil correlation may be back today to pressure crude but the reality is we just have too much oil supply out there to continue supporting prices at these levels," said Phil Davis, trader at PSW Investments in San Diego, California. "We might ... Oil futures up slightly ahead of rig count data US oil settles 2.7 pct higher, or $1.10, at $41.93 a barrel Oil Traders See Glimmer of Profit in Hoarding Crude at Sea |
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