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Oil down on high supply worry, but quick "buying on dips"

http://l2.yimg.com/bt/api/res/1.2/WTo_pKnVfbx0ZOUGVKb3nA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTQ4NTtpbD1wbGFuZTtweW9mZj0wO3E9NzU7dz03Mjg-/<a href=

Oil prices were down on Monday on worries of oversupply and a strong dollar, but bets the market had hit bottom after a seven-month selloff limited the downside, traders said.

Opinion:

brian 

Isn't it ironic how a labor strike at the Oil refineries is helping to prop up the price of Oil on the United States market? But all labor strikes eventually end... And when it does, it will begin the next major plunge in Oil prices... Let the good-times roll !

Reuters

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