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Oil prices soar
Aug. 6, 2018
Source: Reuters

Oil prices soar

Oil prices dropped today amidst reports of a dip in Saudi crude production. Brent crude futures were priced at $73.68/barrel, up by 0.6%. US West Texas Intermediate (WTI) crude futures were up 0.5%, at $68.86 a barrel. Drilling rigs count has been falling in the US through the past three weeks due to slow growth rate and falling oil prices.

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