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Oil tumbles below $42 after surprise US crude, gasoline stock build - CNBC
CNBC | Oil tumbles below $42 after surprise US crude, gasoline stock build CNBC Bart Melek, head of commodities strategy at TD Securities, told CNBC oil could be heading to its 200-day moving average at $40.76 per barrel. "Technicals will seek a level around $40.38, then we'll see ... the fundamental outlook is much, much better ... The Oil Price Recovery Is Drowning in Gasoline Oil Tanks After EIA Reports 1.7M Barrel Crude Build Oil price hits freefall as US glut takes market by surprise |
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