Oil falls again on trade deal fatigue and US crude stocks increase
Rising Middle East tension, particularly in Iraq where a commodities port was blocked, is helping support oil prices
19 November 2019 - 12:47
London — Oil extended declines to $62 a barrel on Tuesday, pressured by limited progress in efforts to resolve the trade conflict between the US and China, as well as an expected rise in US crude inventories.
A Chinese government source was quoted by CNBC on Monday as saying there was gloom in Beijing about prospects for a trade deal. The long-running dispute has hit economic growth prospects and clouded the outlook on oil demand...
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