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Crude oil prices retreated on profit-taking, following rally over the past few weeks. News that Iran would not join output freeze had weighed on prices. The front-month WTI contract fell -3.43% while the Brent contract was down -2.13%. Commodity currencies also fell accordingly. For instance, Aussie dropped -1.19% while kiwi was down -0.66%.


from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/crude-oil-prices-retreated-as-iran-refuses-to-join-output-freeze-2016031532522/
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