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Oil prices edge up after US drilling cut but oversupply still weighs - Reuters
Reuters | Oil prices edge up after US drilling cut but oversupply still weighs Reuters The outlook for oil markets outside the United States remained weak, however, as high production clashed with stalling demand, creating a market in which more oil is produced than needed. "Both the supply and demand pictures look less favorable over ... Oil prices steady after US drilling cut but oversupply still weighs Global oil glut set to grease the wheels of investment banks How low can oil go? Goldman Sachs says we should brace ourselves for $20 a barrel |
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