Oil slips amid expectations of surplus supply
Brent loses ground as likely surplus in the first half of 2020 outweighs the concern about disruptions that have slashed Libya’s output
22 January 2020 - 12:40
London — Oil prices fell on Wednesday as an International Energy Agency (IEA) forecast of a market surplus in the first half of 2020 outweighed the concern about disruptions that have slashed Libya’s crude output.
Brent crude was down 43c, or 0.7%, at $64.16 a barrel at 9.41am GMT. West Texas Intermediate (WTI) also fell 43c to $57.95 a barrel, having declined 0.3% the day before...
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