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Oil steadies ahead of US inventory data; Brent below $50 - Reuters
Reuters | Oil steadies ahead of US inventory data; Brent below $50 Reuters The rally came on the expectations for lower U.S. crude stockpiles, a new wildfire threat on Canadian oil supplies and intensified worries about crude supply outages in Libya and Nigeria. "Ultimately, the fact that the market now struggles to pass the ... US crude stocks rise by 1.3 million barrels: EIA Can Supply Outages Drive Oil To $50? Fracking will provide a buffer for consumers as oil price rises |
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