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Trading Strategy –  VanEck Vectors Oil Services ETF

  Oil prices edged higher on Wednesday, up 39 cents to $49.56, after a report showed inventories fell by 6.5 million barrels last week, government data showed, steeper than the expected decrease of 2.7 million barrels. The drop in inventories raised hopes that OPEC-led output cuts were helping wipe out a three-year global supply glut. …[read more]

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