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Oil recovers after Fed hike as tighter market looms - Reuters
Reuters | Oil recovers after Fed hike as tighter market looms Reuters North Sea Brent crude oil was up 45 cents at $54.35 a barrel by 1030 GMT. U.S. light crude oil was up 20 cents at $51.24 per barrel. "We got sold off because of the strong dollar, but any weakness should be temporary," said Tamas Varga, senior market ... Oil prices steady as investors adjust to US rate hike, OPEC output increase Having Addressed Supply, Oil Market Faces New Threat: Low Demand US crude settles down 3.7% at $51.04 on oversupply concern, stronger dollar after Fed rate hike |
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