Oil prices get support from weaker dollar, but supply worries persist

CNBC | on Fri, Mar 17, 3:35 PM

The market even failed to rebound after Saudi Arabia Minister Khalid al-Falih said on Thursday the cuts by the OPEC and non-OPEC producers could be extended beyond June if oil stockpiles stayed above long-term averages. "Neither a weaker dollar nor Saudi talk of doing 'whatever it takes' to bring inventories down to healthier levels is inspiring much buying," said Timothy Evans, analyst at Citi Futures in New York, in a note Friday. Evans noted that market sentiment may further weaken in the ...

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