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Oil hit by broader market downdraught, US output rise also weighs - Reuters
CNBC | Oil hit by broader market downdraught, US output rise also weighs Reuters “Rising U.S. oil output coupled with a simultaneous upswing in domestic oil stockpiles has all the makings for a potent bearish cocktail,” PVM Oil Associates strategist Stephen Brennock said. Brent futures slipped 32 cents to $64.47 a barrel by 1232 ... Oil prices under pressure ahead of US supply data Oil Prices Fall After API Reports Major Crude Build US shale oil output is surging. Here's what will keep the boom going |
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