Oil falls more than 1 percent on dollar, supply concerns

  March 2, 2015

deep sea oil rigOutput from several OPEC countries may be recovering. Libya’s oil production has now recovered to more than 400,000 barrels per day (bpd), officials said. “Libyan production is up and Iraqi exports are on the rise,” said Tamas Varga, oil analyst at London brokerage PVM Oil Associates, saying crude markets were likely to fall further.

2 March
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