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Oil dips as U.S. Senate grills Fed chair, Treasury secretary

FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub
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NEW YORK (Reuters) - Oil prices pulled back slightly on Tuesday as a U.S. Senate committee grilled Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin about aid packages intended to bolster the economy.Prices had risen early on signs producers are cutting output as promised and on an expected demand increase as more countries ease lockdowns imposed to fight the pandemic. They..
Date Published: May 19, 2020
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