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Oil heads for third straight weekly loss as supply weighs

December 18, 2015 by · Leave a Comment 

By Karolin Schaps LONDON (Reuters) – Oil edged down on Friday as bearish sentiment driven by oversupply rattled the market and was set to lead prices to a third straight weekly drop, the longest losing streak in four months. Russia, one of the world's top oil producers, said on Friday it was not considering coordinating its output policy with OPEC members, adding the organisation was not exerting

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Oil heads for third straight weekly loss as supply weighs