Oil dipped to six-year minimum amid surplus of US oil stockpiles

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Source: Bloomberg
Strongly depressed crude oil prices reached their 2008 bottom after a release of the US government data showing that US crude inventories soared to 406.7 million barrels, the most since August 1982. According to Continental Resources Inc CEO Harold Hamm, the crude may rebound in the first two quarters of the current year, as the Brent production is decreased.
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