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Oil little changed
This morning, New York futures for Brent have fallen in price 0.14% to $ 50.56 and WTI trading flat at $ 51.38 per barrel. Thus, the black gold's rally stops for now, move caused by a strengthening dollar. The dollar rose to the highest level since March against major currencies, potentially limiting the oil demand, because the fuel has risen in price in countries with other currencies. But despite the decline, the oil market was optimistic, as financial investors are still keen to invest more in oil futures.
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