Oil slips on slowing global economy and despite Opec cuts
Opec is likely to curb oil output into March 2020, with Russia expected to do the same
02 July 2019 - 11:48
London — Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by oil cartel Opec on Monday to extend supply cuts until next March.
Brent crude futures were down 18c, or 0.28%, at $64.88 a barrel by 8.45am GMT. US crude futures for August were down 20c, or 0.34%, at $58.89 a barrel, after touching their highest in more than five weeks on Monday...
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