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Renewed oil weakness sparks demand fears
July 26, 2016 by admin · Leave a Comment
U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Mounting fears that demand has fallen short of expectations as production increases and rig counts rise has analysts believing that any oil price recovery may be a year or more in the future.
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Renewed oil weakness sparks demand fears