Oil price stays steady as major markets close for public holiday
Prices are finding support from global supply cuts with Opec and Opec+, now nearly a month into a deal to withhold 9.7-million bpd of production
25 May 2020 - 13:29
London — Oil prices, which have been driven higher for the past four weeks, were steady on Monday, with holidays in Singapore, London and New York dampening trade, as rising concerns over demand recovery offset supply cuts.
Brent had eased by five US cents, or 0.14% to $35.08 a barrel by 10.14am GMT, while US oil gained 14c, or 0.42% to $33.39 a barrel. Both are down about 45% so far this year...
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