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Oil price falls amid worries about global oversupply - The Guardian
The Guardian | Oil price falls amid worries about global oversupply The Guardian Analysts at ANZ bank said: “Crude oil prices declined on concerns that the recent rally is overdone amid a continuing supply glut. The price rise of 34% since mid-January has largely been fueled by cuts to capital spending and falling US rig counts ... US Oil Prices Fall Below $50 a Barrel as Stockpiles Grow Crude oil is still plunging Oil falls sharply after US crude inventories rise |
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