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Saturday, 04 July 2015 - 13:05
Oil slides in thin trade on rising US rig count
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Oil prices dropped as a rising U.S. rig count stoked more concerns about global oversupply while an investigation by Chinese regulators into suspected stock market manipulation further unsettled the market.

U.S. oil drilling increased this week after 29 consecutive weeks of declines, the strongest sign yet that higher prices are pushing producers back after an extended period of low prices.
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