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Oil down, heads for weekly loss on concern about glut - Reuters
Reuters | Oil down, heads for weekly loss on concern about glut Reuters "These large and increasing stocks will not only up the likelihood of additional commercial short hedges, but will also encourage the commercials to defer long hedges," said Jim Ritterbusch of Chicago-based oil markets consultancy Ritterbusch & Associates. Oil Prices Fall on Glut in Refined Products Oil futures sink, set for 2nd weekly July loss Oil settles down more than 2% amid gasoline stock build |
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