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Tag: oil oversupply

Commercialization, Conventional Fuels

Oil rises after month of steady decline but oversupply still weighs

August 1, 2016

Via: CNBC

Oil rose on Monday, driven by new orders as traders staked out positions at the start of the new month, but the market remains dogged by plentiful crude supplies, a flood of refined products, and a weakening economic outlook. Brent […]