Wednesday, July 5, 2017

Oil prices plunge more than 3%, retreating after bull run, as OPEC exports rise in June

Oil prices fell more than 1 percent on Wednesday, ending their longest bull-run in more than five years.

Oil exports by the OPEC climbed for a second month in June, Thomson Reuters Oil Research data showed.

The rise in exports comes despite OPEC's vow to rein in production until March 2018.

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