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Oil falls to $49 on economic concerns, ample supply - Reuters
Reuters | Oil falls to $49 on economic concerns, ample supply Reuters "Asia has been relatively weak and China is not providing much support," said Olivier Jakob, oil analyst at Petromatrix, who also said weak refined products were pressuring crude. "Without the support of the products and with a structure in crude oil ... US oil reserves surpass those of Saudi Arabia and Russia Oil prices fall more than 2% as Nigerian output underlines supply worries US surpasses Saudi Arabia in oil reserves, the Generation X report card and how Brexit will affect foreign banks |
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