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Oil plunges 4% as interest rate hikes outweigh lower US oil supplies By Reuters

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*OIL PLUNGES OVER 4% AS INTEREST RATE HIKES FUEL RECESSION FEARS $CL_F OOTT

 

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Oil dips with interest rates and inventories in focusOil futures dipped slightly on Thursday, with trader expectations of further interest rate hikes countered by potentially bullish U.S. oil inventory data after preliminary figures showed a fall in stocks.
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