Reuters: Oil prices fall on firm dollar, profit-taking ahead of holidays
23 December 2016: “The production cuts will coincide with the first sale in January of US crude from the country’s strategic petroleum reserve, New York-based tanker and energy consultancy Poten & Partners said in a note on Thursday.
Although volumes were small, the “US government is adding oil to the market at the same time that OPEC is trying to remove it,” Poten said.”
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