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Modest Recovery World Oil Price: Job And Deepwater Cuts Continue

Teaser
03 June 16 - Over the past five months oil markets have bounced back considerably since Brent crude hit a low of $28.43 a barrel in mid-January. While there was a similar recovery over the same period in 2015, this was not sustained and prices began falling again later in the year. This week Brent crude crossed the $50/barrel threshold for the first time in several months.