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A second consecutive day of decline signals that the recent rally in crude oil prices might have lost momentum. Besides a disappointing report showing the first US crude inventory increase in 8 weeks, the market was unimpressed by the news of Saudi Arabia's output cut.


from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/oils-recent-rally-lost-steam-amidst-concerns-over-inventory-gains-2017011134084/
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