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Home › Oil declines below $50 a barrel due to increasing supply glut

 

Oil declines below $50 a barrel due to increasing supply glut

2015-01-07 01:00:00| Offshore Technology

The price of Brent crude oil declined below $50 a barrel for the first time since May 2009 on Wednesday, due to an increasing supply glut.

Tags: due supply increasing oil

Category:Energy and Environment

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