US crude closes 1.39 pct lower at $46.98 as surging OPEC output weighs – CNBC


CNBC
US crude closes 1.39 pct lower at $46.98 as surging OPEC output weighs
CNBC
“While a price decline into the $45-46 zone is certainly possible, such a price down move would likely elicit even more OPEC hype that could temper or preclude further downside price follow through,” said Jim Ritterbusch of Chicago-based oil markets …
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