Oil prices down on oversupply as US crude inventories rise
Brent has given up all gains made after an Iranian general was killed and even with Opec+ supply cuts, US crude inventories ensure ample supply
10 January 2020 - 12:16
London — Oil slipped towards $65 a barrel on Friday as the threat of war in the Middle East receded and investors focused on rising US inventories and other signs of ample supply.
Crude is now below where it was before a US drone strike killed top Iranian general Qassem Soleimani on January 3. Iran responded with a missile attack on Iraqi airbases hosting US forces this week that left no casualties...
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