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Home
> Four reasons for oil’s decline
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Oil

Four reasons for oil’s decline

Adam Button
Adam Button
Friday, 04/05/2012 | 18:24 GMT
04/05/2012 | 18:24 GMT
  • 0
  1. EIA data showing US storage at highest since 1990
  2. OPEC Sec says unhappy with high prices, pumping 2.3 mbpd above quotas
  3. CME hikes oil margins, later gets 90-day reprieve
  4. US and European economic weakness

WTI crude touched as low as $97.53 but has rebounded above $98.

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