Oil price drops to less than $61 a barrel
Global markets have reeled in recent weeks over concern that the global economy could stall amid rising trade tension between the US and China
03 June 2019 - 12:23
London — Oil prices plunged more than 1.5% to below $61 a barrel on Monday, extending last week's heavy losses as deepening US trade wars fanned fears of a global economic slowdown.
Saudi Arabia, the de-facto leader of Opec, sought to stem the price slide with assurances that the group of oil producers together with Russia would continue managing global crude supplies to avoid a surplus...
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