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Oil drops on report of US inventory rise - The Globe and Mail
Reuters | Oil drops on report of US inventory rise The Globe and Mail Oil dropped further below $56 a barrel on Wednesday after an industry report pointed to a large rise in crude inventories in the United States, renewing oversupply concerns despite OPEC output curbs. U.S. crude inventories rose by a more-than-forecast ... The world's fastest-growing major economy is thirsty for more oil Oil little changed as growing US supply offsets bullish Saudi comments US can grow oil output by up to 5 million barrels a day in coming years, says Saudi oil minister |
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