US oil prices drawn-out slump into a second day
on Wednesday as the dollar promote and industry data showed an escalation in US
crude and gasoline nest egg , with swell manufacturing in the country inhibit OPEC
endeavor to end a global glut.
Brent crude was down 40 cents, or 0.6 per cent, at $66.23 a
barrel. On Tuesday, the bargain fell 87 cents to close at $66.63 a barrel.
"There is ongoing pressure, largely coming
from a stronger US dollar," said Michael McCarthy, chief market strategist
at CMC Markets in Sydney. Read More
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