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Crude oil futures hovered around $80 a barrel amid renewed confidence in the economic recovery. “Sentiment is such that dips below $80 are seen as buying opportunities,” an analyst tells Bloomberg . The U.S.
Crude oil futures slipped under $50 a barrel amid the combination of persistent weak demand and a stronger dollar, Bloomberg reports . Expect it to stay in that range, says Exxon boss Rex Tillerson in Reuters: Weak demand offsets OPEC’s supply-side moves. British oil companies warn of a “collapse” in the offshore oil business if the government doesn’t come to their rescue, in the WSJ
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