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Oil falls 2 percent on rising US output, global demand concern - Reuters
CNBC | Oil falls 2 percent on rising US output, global demand concern Reuters “The IEA slashing its oil demand growth forecast for this year and the next has dampened some of the bullish sentiment prevailing in the market,” Abhishek Kumar, Senior Energy Analyst at Interfax Energy's Global Gas Analytics in London. This sentiment ... US crude sinks nearly 2%, settling at $55.70, on concerns about global demand and rising US output UAE Joins Gathering Consensus to Extend Oil Output Cuts IEA says hopes of higher, stable oil prices could be dashed quickly |
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