Oil slides on forecast of market surplus
International Energy Agency head expects an abundance of energy supply in terms of oil and gas in first-half of year
22 January 2020 - 07:33
Tokyo — Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output.
Brent crude was down 24c, or 0.4%, at $64.35 a barrel at 3.09am GMT, after dropping 0.3% on Tuesday. US oil fell 29c, or 0.5%, to $58.09 a barrel, having declined 0.3% the day before...
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