Crude oil briefly dips below $40 US on supply glut

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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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