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Oil market turns bearish on excess supply concerns
Published Tue, Aug 2, 2016 · 09:50 PM
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New York
OIL fell below US$40 a barrel in New York for the first time since April, falling into a bear market on concern that the global supply glut will expand.
Saudi Arabia cut prices to Asian customers as the country continues to fight for market share. Drillers in the US boosted the number o…
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