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Oil falls for third day, knocked by rising US output - Reuters
CNBC | Oil falls for third day, knocked by rising US output Reuters “The recent price support, namely the tension in the Middle East, has been swept aside as rising rig counts and U.S. shale output (are) in the focus of traders,” PVM Oil Associates analyst Tamas Varga said. Despite the cautious sentiment, traders said ... Oil plummets more than 2% as energy watchdog cuts demand forecast and US crude output rises Shale's current trajectory could rival Saudi oil by 2025 Saudi Retreat From US Oil Market Cuts Exports to 30-Year Low |
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