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Oil prices drop as spare storage capacity runs low - Reuters
Reuters | Oil prices drop as spare storage capacity runs low Reuters Traders said the price falls were due to diminishing spare capacity to store excess oil as well as the strong U.S. dollar. China has been taking advantage of low prices to build up its strategic petroleum reserves (SPR), which have pushed its imports ... Asian Buyers Seize on Oil-Price Spread Oil Slumps to Six-Year Low as U.S. Production Seen Filling Tanks Asian shares mostly higher, but lower oil caps advances |
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