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Monday, 7 August 2017

Oil slides from nine-week highs as market looks to OPEC

Oil slides from nine-week highs as market looks to OPEC:

"Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States. Global benchmark Brent crude futures LCOc1 were down 60 cents, or 1.14 percent, at $51.82 a barrel at 1113 GMT. They traded as low as $51.56 a barrel earlier in the day. U.S. crude futures CLc1 were down 55 cents, or 1.11 percent, at $49.03 per barrel, but up from the day's low of $48.78 a barrel."



'via Blog this'