Concern over demand outlook keeps oil above $61 a barrel
Gains are very gradual and downward pressure, notably as a result of the subdued global outlook, persist, analyst Craig Erlam says
24 October 2019 - 12:07
London — Oil slipped below $61 a barrel on Thursday as concern over the demand outlook offset a surprise drop in US crude inventories and the prospect of further action by Opec and its allies to support the market.
In the latest sign of economic weakness that has prompted lower oil demand projections, employment in Germany's private sector fell for the first time in six years in October, a survey showed on Thursday...
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