Oil price falls despite weak dollar, as fuel demand wavers
Both benchmarks rose to their highest since March 6, completing a four-day rally, after the EIA reported a big drop in US crude stockpiles
06 August 2020 - 11:32
London — Oil prices slipped just below five-month highs on Thursday, with support from a weak dollar and falling US crude inventories undermined by bearish sentiment about fuel demand.
Brent crude had fallen 7c to $45.10 a barrel by 8.02am GMT, while US West Texas Intermediate (WTI) crude was down 25c at $41.94...
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