Oil price slips as volume held in US storage rises
Floating storage in tankers is also estimated at a record 160-million barrels
20 April 2020 - 11:55
London — Oil prices fell on Monday, depressed by concerns US storage facilities will soon be full as the novel coronavirus pandemic destroys demand and as companies prepare to report their worst quarterly earnings since the 2008 financial crisis.
Brent was down 73 US cents, or 2.6%, to $27.35 a barrel at 8.14am GMT...
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