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Oil Rises as Saudis See Market Balanced by June, U.S. Rigs Drop
published Jan 16th 2017, 1:08 pm, by Robert Tuttle and Grant Smith (Bloomberg) —Oil rose in New York after Saudi Arabia’s energy minister said OPEC probably won’t need to extend its supply cuts beyond June as the market reaches a balance. Futures rose 0.5 percent in New York after losing
Dollar Holds Retreat as Data Dims Rate Rise Outlook; Crude Slips
©2015 Bloomberg News NOBB9R6K513R (Bloomberg) — The dollar maintained losses, trading near an almost four-month low versus Australia’s currency after stagnant U.S. retail sales data fueled speculation policy makers will put off interest-rate increases. Oil dropped. The Aussie was steady at 81.12 U.S. cents by 9:41 a.m. in Sydney, after jumping
