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HOME / MARKET TODAY / COMMODITIES / NEWS STORY

Crude oil up on weak dollar
29 Jun 2016
Crude oil futures closed higher in the international market on Tuesday rebounding from a Brexit-fueled selloff that sent crude futures to a seven-week low on concerns of a slowdown in the global economy.

The threat of a union strike by Norwegian oil-and-gas workers and weakness in the U.S. dollar also provided support to prices.

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