Oil prices fall partly due to rising Opec and Russian oil output
Output from Opec rose in August for the first month in 2019 as higher supply from Iraq and Nigeria outweighed restraint by top producer Saudi Arabia and losses caused by US sanctions on Iran
03 September 2019 - 11:53
Tokyo/London — Oil prices fell 1% on Tuesday, weighed down by the protracted US-China trade dispute that has dragged on the global economy as well as rising Opec and Russian oil output.
US crude was down 65 US cents, or 1.19%, at $54.45 a barrel by 8.57am GMT, while Brent was down 47c at $58.19 a barrel...
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