Oil falls on Covid-19 spread and Opec+ not in agreement over cuts
Opec+ struggles to get Russian buy-in for a deeper oil cut, but it is prepared to extend current supply curbs
05 March 2020 - 14:08
London — Oil fell on Thursday as worries intensified over the fast-spreading coronavirus and oil cartel Opec ministers met in Vienna to seek Russian backing for deeper output cuts to bolster prices.
Brent crude fell by 37c, or 0.7%, to $50.76 a barrel by 10.15am GMT, and US West Texas Intermediate (WTI) was down by 33c, or 0.7%, at $46.45 a barrel...
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