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Oil Price Slips as Market Focuses on Oversupply

Oil dipped on Friday, descending behind from a prior session’s convene as analysts reminded a marketplace of high U.S. register numbers and a continued oversupply of crude.

Brent, a tellurian wanton benchmark, was down 1.9% during $47.97 a tub for cargoes loading in October. Trade in WTI was also down, dropping 2% to $45.01 a tub on a New York Mercantile Exchange.

The marketplace continues to concentration on oversupply. On Thursday, data…

Article source: http://www.wsj.com/articles/oil-price-slips-as-market-focuses-on-oversupply-1441969584

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