Oil falls on poor demand and large supplies at refiners
Oil heads for biggest weekly drop since June as volume of crude arriving in China is set to slow in September
04 September 2020 - 07:35
Singapore — Oil futures slipped 1% on Friday, with prices on both sides of the Atlantic heading for their biggest weekly drops since June, as lacklustre demand and ample fuel supplies offset support from a weaker dollar.
Brent crude fell 44c to $43.63 a barrel by 3.25am GMT, while US West Texas Intermediate was at $40.94 a barrel, down 43c and set for its first weekly drop in five weeks...
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