Oil retreats on forecast Opec will ease supply cuts
Joint ministerial monitoring committee will meet on Tuesday and Wednesday to recommend next level of restrictions
13 July 2020 - 07:59
Singapore — Oil slipped in early Asian trade on Monday as traders eyed an Opec technical meeting this week at which a recommendation is expected to ease supply cuts that have been propping up crude prices.
Brent crude had fallen 27c to $42.97 a barrel by 3.14am while US West Texas Intermediate crude was at $40.27 a barrel, down 28c...
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