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Oil falls as oversupply still weighs on market - Reuters
Reuters | Oil falls as oversupply still weighs on market Reuters LONDON Oil fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to weigh on the market. Brent crude was down $0.44 at $43.09 a barrel at 0854 GMT (4:54 a.m. ET) from the previous ... New orders for the new month drive oil higher Oil prices up in Asia but oversupply worries weigh Oil's never-ending supply glut story has a built-in ending: Column |
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