Oil slips, but stimulus provides some support
Oil stocks are rising with tanks around the world filling fast as companies and traders scramble to park unwanted crude and refined products
26 March 2020 - 09:27
Singapore — Oil prices slipped on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting the hope a US $2-trillion emergency stimulus will shore up economic activity.
Brent crude futures fell 19 US cents, or 0.7%, to $27.20 a barrel by 4.41am GMT. West Texas Intermediate (WTI) crude futures fell 37c, or 1.5%, to $24.12 a barrel. Both contracts are down about 60% in 2020...
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