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Oil prices drop on shrinking Japan economy, more US drill rigs - Reuters
Reuters | Oil prices drop on shrinking Japan economy, more US drill rigs Reuters "The recent recovery in the oil rig count supports our expectation that U.S. producers can and will ramp up activity with WTI prices near $60 a barrel, given improved returns with costs down 30 percent," analysts at Goldman Sachs said in a note to clients. Oil prices could dip lower before marginal recovery Crude oil futures - weekly outlook: August 17 - 21 Oil prices pulled down by shrinking Japanese economy |
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