Oil prices fall as fuel demand drops and on oversupply concern
Brent and WTI are both down 1%, with Opec+ calling for more members to reduce output
20 August 2020 - 11:35
London — Oil prices fell on Thursday on demand concerns driven by cautious views from oil cartel Opec and its allies (Opec+) and the US Federal Reserve regarding economic recovery from the coronavirus pandemic.
Brent crude was down 44c, or 1%, at $44.93 a barrel at 8.26am GMT, and West Texas Intermediate (WTI) US oil fell 44c, or 1%, at $42.49 a barrel...
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