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IPFS News Link • Oil

Oil Slides Below $50;

• zerohedge.com by Tyler Durden

Having flirted with the key psychological level of $50/bbl ever since the first week of October as a result of an ongoing short squeeze due to concerns that OPEC just may pull of the production cut it agreed on in Algiers in late September, moments ago the active WTI contract dipped below $50 without any notable news.


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