Oil remains below $59 a barrel as worries about a recession grow
But the price of Brent is still up 10% in 2019 thanks to supply cuts led by oil cartel Opec and allies such as Russia
15 August 2019 - 11:43
London — Oil slipped further below $60 a barrel on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in US crude inventories.
In a sign of investor concern that the world's biggest economy could be heading for recession, weighing on oil demand, the US treasury bond yield curve inverted on Wednesday for the first time since 2007...
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