OIL FUTURES: Oil Edges Dn On Pft-Taking; Downside Seen Small - Wall Street Journal

LONDON (Dow Jones)--Crude oil futures edged lower Monday as profit taking kicked in after a jump of 4% Friday, and lingering concerns over weak global demand also triggered some selling.

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But the further downside in crude futures may still be limited in the short term, partly due to the support of the weak U.S. dollar and the strength in equity markets. "Crude remains well supported," despite the bearish fundamentals across the energy complex stemming from a weak demand and some crude stocks increasing on a weekly basis, Marius Paun and Glen Ward of ODL Securities said in a research note, ...

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