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Oil hits 2016 high above $41 despite glut warnings

March 08, 2016

Oil extended gains as producers sought a new anchor price for oil, although some analysts warned the worldwide glut is still big.

Source: http://www.cnbc.com/2016/03/06/oil-rises-as-traders-close-short-positions-us-producers-cut-rig-count.html
 
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