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Oil falls as dollar up, Kuwait sees OPEC output steady

Mar 20, 2015    

NEW YORK (Reuters) - Oil prices tumbled on Thursday as a rebounding dollar and Kuwait's stance that OPEC had no choice but to keep producing in an oversupplied market undercut the previous day's rally.Benchmark Brent oil settled down nearly 3 percent while U.S. crude lost almost 2 percent, weighed by the dollar's rise against most currencies.In the previous session, Brent rose nearly 5 percent and U.S. crude about 3 percent as the dollar suffered its biggest one-day tumble in 18 months on disappointment over the lack of a clear timeline for a U.S. interest rate hike. [USD/]"It's dollar pl...

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