Oil is steady as Opec+ supply cuts support slowing demand
Russia, part of Opec+, signals it may support extended supply cuts as China stemming its economic downturn gives oil a lift
11 June 2019 - 12:25
London — Oil steadied above $62 a barrel on Tuesday as firmer equities and expectations oil cartel Opec and its allies will keep withholding supply countered concern about slowing economies and demand.
Russia said on Monday that it might support an extension of Opec-led supply cuts that have been in place since January, while equities rose after China eased financing rules to stem an economic downturn, giving oil a lift...
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