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Crude Oil Prices Surge On Tapering Supply, Analysts Wary

By OGMarket   Posted in Headline News Oil Prices Oil Stocks
Posted on March 7, 2016

Crude oil prices edged closer to $40 per barrel Monday, extending a monthlong rally, on hopes of lower supply and improving global outlook. Prices surged during morning trade in Asia, as U.S. drillers cut the number of active rigs to a six-year low. Brent crude futures, the global oil benchmark, were trading at $39.13 per barrel Monday, up …

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