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Oil stable on tightening fundamentals, but China spooks market - Reuters
Reuters | Oil stable on tightening fundamentals, but China spooks market Reuters Beyond this, analysts said there were indicators of a tightening oil supply and demand fundamentals. U.S. commercial crude oil stocks have dropped 15 percent from their March records, to 456.5 million barrels, below levels seen last year. C-STK-T-EIA. Global oil demand will pass 100 million barrels per day by 2020, says OPEC's Barkindo OPEC beware: The rebound in US shale oil production hasn't peaked yet Oil prices buoyed by Kurdish and Iraq tension, say leading traders |
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