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Oil steady but US drilling weakens deal to cut output - Reuters
Reuters | Oil steady but US drilling weakens deal to cut output Reuters LONDON Oil prices were steady on Monday, but news of another increase in U.S. drilling activity spread concern over rising output just as many of the world's oil producers are trying to comply with a deal to pump less in an attempt to prop up prices. Fundamentals Be Damned – Oil Price Correction Likely Oil prices extend fall from last week Oil Trades Near $53 as U.S. Drilling Accelerates Amid OPEC Cuts |
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