#AceFinanceNews – US #Oil ends 2.5 pct lower as OPEC output hike sparks profit-taking – @AceFinanceNews

#AceFinanceNews – May.02: US #oil ends 2.5 pct lower as OPEC output hike sparks profit-taking

Crude prices fell on Monday as data showing higher Middle East #oil production and record hedge fund buying sparked profit-taking.

Read more: http://www.cnbc.com/

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