Deal to ease oil supply cuts from August pushes oil price down
However, the drop has been cushioned by tightening global inventories as economic activity picks up
16 July 2020 - 12:10
London — Oil prices fell on Thursday after Opec and other producers including Russia agreed to ease record supply curbs from August, though the drop was cushioned by tightening global inventories as economic activity picks up.
Brent crude fell 35 US cents, or 0.8%, to $43.44 a barrel by 8.52am GMT...
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