Oil prices stable with US crude production likely to fall in 2020
Both Brent and WTI are slightly down but have pared back earlier losses due to US stockpile data
08 July 2020 - 11:29
London — Oil prices were broadly stable on Wednesday, recouping earlier losses after rising US crude stockpile data and an increase in coronavirus infections in the US cast doubts over a swift pickup in oil demand.
Brent crude futures fell 1c to $43.07 a barrel by 8.32am GMT. US West Texas Intermediate (WTI) crude futures dropped 8c to $40.54 a barrel...
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