After a brief recovery, crude oil resumed the decline on oversupply concerns. Kuwait and Russia have been indicating that Libya and Nigeria might join the output cut deal, and this is likely a key topic I the upcoming OPEC/non-OPEC meeting on July 24, the market is apparently not thrilled by the news.
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Crude Oil Resumes Decline, Shrugging Off Speculations that Nigeria and Libya Might Join Output Cut
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