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Strong oil earnings fail to ease fears over crude slide

by: and in London

Royal Dutch Shell on Thursday rounded off the strongest set of quarterly results from “big oil” for over two years, even as a fresh slide in crude prices raised doubts over the sustainability of recovery from one of the deepest downturns in industry history. Brent crude fell below $50 per barrel on Thursday to its lowest level since November as confidence in Opec’s ability to overpower a resurgent US shale industry and ease a global oil surplus faded.

FULL FT ARTICLE

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