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Home>Oil Falls Below $50 on Profit-Taking; OPEC Meeting in Focus

Oil Falls Below $50 on Profit-Taking; OPEC Meeting in Focus

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Fri, 27 May 2016

By Jenny W. Hsu Crude oil prices were below the $50 threshold during early Asian trade Friday, thanks to profit-taking and a stronger dollar, after breaching the key milestone the day before. The earlier upswing, stoked by a weaker greenback and the unexpected drawdown in U.S. crude inventories
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