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Crude falls 78 cents

Posted on: July 29, 2016

Sticking to the musical theme of today, crude markets continued to get low on Thursday. And it was not the apple-bottomed jeans or the boots with the fur driving the move, but continued supply and storage concerns. WTI dropped another 78 cents to settle at $41.14 while Brent dropped 77 cents to settle at $42.70.

Later today rig counts should paint a picture of how many rigs have been turned off during the most recent slide. Enjoy your long weekends!

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