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Crude Oil Tips: Oil Bears return on Iran, China weakness

Discussion in 'Stock Market News & Analysis' started by Anik singh, Mar 15, 2016.

  1. Anik singh

    Anik singh New Member

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    Crude oil futures shed more than 3% in the domestic market on Monday tracking weakness in the energy commodity internationally as investors weighed Iran’s comments as the nation stressed that it won’t join planned discussions over a possible output freeze by major producers, until its output reached pre-sanction levels of nearly four million barrels/day, raising fears that oversupplies may continue to persist in the global oil market.
     
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