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Read More »Oil pares weekly gain as ‘traders’ eye $60 threshold
Bloomberg Oil erased almost an entire week of advances as chart-watching traders tested a key price barrier. Futures in New York fell 1.2%, a day after closing at a three-month high. Selling accelerated after a foray above $61 a barrel petered out, a bearish technical signal. The next key threshold is at the $60 level, traders said. On the fundamental …
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