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US Crude Oil Prices decline to $60 per barrel
U.S. crude oil prices decline to $60 per barrel Thursday, extended huge losses after a two consecutive sessions. The US government data showed an …
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Q7 calls for increase in oil output
Finance ministers of the Group of Seven (G7), world’s leading industrialized economies, called on oil-producing countries to increase output to ensure market is supplied enough. International Energy Agency (IEA) was asked to release strategic reserves. As it was stated by finance ministers of the G7, West was ready to use strategic oil reserve to get under control rising oil prices.
