Oil prices move lower after hitting 'soft ceiling' New York (UPI) Jun 30, 2016 - Crude oil prices reversed course in Thursday trading with an investment bank saying the $50 mark may be something of a "soft ceiling" for the long term. Crude oil prices collapsed from around $100 per barrel in 2014 to below $30 per barrel earlier this year. Prices started recovering toward $50 per barrel over recent months as moderate global economic recovery and lower retail fuel pric ... more

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