the-market
Oil retreats on doubts OPEC cuts can ease glut
December 6, 2016 by elegant · Leave a Comment
U.S. crude futures strengthened Monday before retreating in post-settlement trade as the market lost confidence OPEC cuts would be sufficient to reduce oversupply given increased U.S. drilling. U.S. West Texas Intermediate crude rose early
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Oil retreats on doubts OPEC cuts can ease glut