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US crude oil prices drop over 2 percent as market loses faith in rebound - Reuters
Reuters | US crude oil prices drop over 2 percent as market loses faith in rebound Reuters Monday's falls add to an over 10 percent price drop in the first trading week of the year and when Goldman Sachs said oil could hit $20, and would see sustained low prices through the first quarter "so producers will move budgets down to reflect $40 a ... Overwhelmed crude oil capacity tied to supply and demand |
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