Oil keeps dipping on supply glut fears
Russia wants more time to mull joining Opec cutback programme
10 February 2020 - 07:39
Singapore — Oil prices on Monday extended their decline from an early January peak above $70 as the spectre of excess supplies loomed over the market after the spreading coronavirus outbreak hit demand in China, the world’s largest oil importer.
Brent crude hit a low of $53.63 a barrel and was at $54.09 by 0100 GMT, down 38c. US West Texas Intermediate fell 38c to $49.94 a barrel after striking a low of $49.56...
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