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Oil prices face second weekly loss as oversupply lingers - Reuters
Reuters | Oil prices face second weekly loss as oversupply lingers Reuters SINGAPORE Oil prices stabilized on Friday but were on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market. U.S. West Texas Intermediate (WTI) crude oil futures ... Oil prices finish at lowest level in a month Oil Price Floor Drops As Market Getting More Bearish For The Short Term Oil is tumbling after Libya ramps up production at 2 key oil fields |
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