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Latest News from Energy Services

Oil edges lower amid worries over US economy, market oversupply

Oil prices declined for a second session on Thursday, after the Federal Reserve cut interest rates as expected and traders focused on concerns about the U.S. economy and excess supplies. ›

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Oil retreats but geopolitical jitters cap declines

Oil prices eased slightly on Wednesday, after rising more than 1% in the previous session, though ongoing geopolitical jitters provided a floor for the market while traders also awaited an expected interest rate cut from the U.S. Federal Reserve.... Read more