Crude oil briefly dips below $40 US on supply glut

By CBC News, August 2, 2016 

Some analysts say oil prices will rise over the next year

The New York futures contract for September delivery fell as low as $39.90 US in early morning trading before rebounding later to trade at $40.80 US at 10:15 a.m ET, up 74 cents from Monday’s close.

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