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Oil Extends Slide Below $30 as U.S. Supplies Seen Expanding Glut

2016-02-03 17:39:46| Oil & Gas - Topix.net

Oil extended its decline below $30 a barrel after the biggest two-day drop in almost seven years as U.S. industry data showed crude stockpiles increased, exacerbating a global surplus. Futures decreased as much as 0.7 percent in New York after falling 11 percent the previous two sessions, the most since March 2009.

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