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Oil Prices Up but Mood Is Still Down 

June 26, 2017

Alison Sider & Neanda Salvaterra, Fox Business

"Crude futures wavered between gains and losses on Monday, as investors weighed the relentless growth in U.S. oil output against efforts by major global producers to reduce supply.

U.S. crude futures for August delivery were recently up 31 cents, or 0.72%, at $43.32 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 21 cents, or 0.46%, to $45.75 a barrel on ICE Futures Europe.

The move higher reversed the declines in earlier trading. Bargain hunters have stepped in at times after crude futures slipped into a bear market last week."

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