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Strong greenback, US reserves, stall 5-week oil rally
Published Sun, Mar 27, 2016 · 09:50 PM
London
WORLD oil prices have snapped a five-week run of gains on the back of the strong US dollar and soaring US crude stockpiles that have worsened the global supply glut.
The market began last week on the front foot, extending recent sharp gains on revived optimism that producers would strike a deal to freeze output levels.
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