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Oil down 1 percent on surprise rise in US inventories, high OPEC output - Reuters
Reuters | Oil down 1 percent on surprise rise in US inventories, high OPEC output Reuters SINGAPORE (Reuters) - Oil prices fell 1 percent on Wednesday, with rising U.S. fuel inventories pulling U.S. crude back below $50 per barrel, while ongoing high supplies from producer club OPEC weighed on international prices. U.S. West Texas ... Oil is tanking 3% on more reports of rising output from Saudi-led oil cartel How Venezuela Impacts Crude Oil Prices Oil ends 6-day win streak on renewed glut fears |
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