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Oil extends biggest drop in two months as dollar and shale weigh - WorldOil
Reuters | Oil extends biggest drop in two months as dollar and shale weigh WorldOil LONDON (Bloomberg) -- Oil fell for a 5th day as surging U.S. output and a rising dollar sent crude to its biggest drop in two months. Futures fell as much as 1% in New York after Department of Energy data yesterday showed U.S. crude production jumped ... Oil prices fall as US output soars above 10 million bpd Crude Declines as Growth in Shale Production Scares Investors ... Oil prices tank 2.5 percent, settling at one-month low of $61.79, after US crude and fuel stockpiles jump |
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