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Oil prices rally above $53 as investors pile in

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(Reuters) – Crude oil prices rose on Monday as investors shrugged off a U.S. refinery strike and focused on a falling U.S. rig count that signalled lower production down the line. “There were a lot of people on the sidelines waiting for an opportunity to buy,” said Bjarne Schieldrop, chief commodity analyst at SEB. “Brent has struggled sideways for a long time but it closed above the 20-day moving average on Friday […]

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