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Oil prices dip on bloated US market, mixed Saudi signals

Oil prices dip on bloated US market, mixed Saudi signals

Wednesday, April 19, 2017, 7:15 AM

Oil prices dipped on Wednesday as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country. Brent crude futures, the international benchmark for oil, were at $54.84 per barrel, down 5 cents from their last close. U.S. West Texas Intermediate crude futures were down 4 cents at 37 a barrel.
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