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Oil scores new 2015 peaks on tumbling inventories in US
Published Sun, May 10, 2015 · 09:50 PM
London
OIL faced a rollercoaster week, striking five-month peaks on news of an unexpected slump in US crude reserves, before sliding as oversupply worries resurfaced.
"After a strong start to the week, with Brent seemingly heading for US$70 per barrel, the recovery in oil prices ran out of steam by Friday," said Capital Economics analyst Julian Jessop.
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