Oil price falls as storm closes US refineries
West Texas Intermediate futures slide as investors ‘move concerns from production outages to demand destruction’
28 August 2020 - 07:24
Singapore — Oil prices fell on Friday as a huge storm raced inland past the heart of the US oil industry in Louisiana and Texas without causing any widespread damage to refineries.
US West Texas Intermediate (WTI) crude futures were down 3c, or 0.1%, to $43.01 a barrel at 4.09am GMT. ..
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