Business Oil dips as U.S. output hits record, but global markets remain tight – The Edge Markets

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Oil prices dipped on Thursday after data showed record U.S. crude oil production, which resulted in a surge in stockpiles. Outside the United States, however, oil markets remained tense as all exemptions to U.S. sanctions on Iran expire, the political crisis in Venezuela escalates…

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Read more via The Edge Markets – http://bit.ly/2IUy5AC

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