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The Commodities Feed: Oil drops on rising supply prospects

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Energy – Oil sell-off continues Oil prices continued to trade lower this morning extending yesterday’s sharp decline. NYMEX WTI prices fell below US$68/bbl while ICE Brent was trading around US$71/bbl. The prospect of rising supply from Libya and Saudi weighed on oil prices, with market participants ignoring a sharp fall in weekly inventory numbers. Recent ...

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