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Oil price dips below $40 a barrel on worry over OPEC supply, rig count rise

August 02, 2016

Oil hit an April low below $40 a barrel as OPEC output reached record highs last month and U.S. drillers added the most oil rigs in two years.

Source: http://www.cnbc.com/2016/07/31/oil-dips-as-global-supplies-rise-fresh-concerns-over-asian-economies.html
 
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