Oil prices decline amid strong Dollar and supply glut

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Source: WBP Online
Crude futures dropped on Monday as a firmer US Dollar and ongoing global oversupply hamper appetite for crude. WTI futures lost 1.39% to $41.91, while Brent futures dipped 1.18% to $48.61 by 07:13 AM GMT. Meanwhile, concerns on oil global supply glut remain, as the OPEC is likely to boost production to 33 million barrels a day and the US added two more rigs in previous week.  
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