Oil slips again as slowing demand trumps Opec cuts
However, Gazprom says the output cuts will support prices at $55-$65 a barrel in the first quarter of 2020
10 December 2019 - 12:43
London/Singapore — Oil prices slipped for a second straight session on Tuesday as a slowing global demand outlook outweighed oil cartel Opec’s deal with associated producers last week to deepen output cuts in 2020.
Brent crude was down 17c, or 0.3%, at $64.08 a barrel by 9.54am GMT, while West Texas Intermediate (WTI) oil was down 21c, or 0.4%, lower at $58.81 a barrel. The benchmarks fell 0.2% and 0.3%, respectively, on Monday...
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