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U.S. crude breaks below $40/bbl as oil slumps 4 percent on glut worry
August 1, 2016 by creative · Leave a Comment
NEW YORK (Reuters) – U.S. crude tumbled below $40 per barrel for the first time since April as oil prices fell nearly 4 percent on Monday on heightened worries of an oil glut after a survey suggested OPEC output reached record highs last month.
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U.S. crude breaks below $40/bbl as oil slumps 4 percent on glut worry