Oil falls sharply on softer demand outlook and growing stocks
This is despite expectations of extended supply cuts led by oil cartel Opec
12 June 2019 - 15:03
London — Oil prices fell more than 2% on Wednesday, weighed down by a weaker demand outlook and a rise in US crude inventories, despite expectations of extended supply cuts led by Opec.
Brent crude futures, the international benchmark for oil prices, were down $1.69, or 2.71%, at $60.60 a barrel by 9.07am GMT...
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