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Oil price dips on record US oil production

The price of Brent crude dipped on Monday June 4 to $75.53 a barrel before recovering most of its losses to trade at over $76 a barrel by lunchtime in the UK. The move was believed to be triggered by latest monthly data released by the US Energy Information Administration (EIA) last week.

In its latest data, the EIA has US oil production running at a new record of Continue reading Oil price dips on record US oil production