Oil’s losses deepen as Opec eyes supply cuts
Brent crude slides as International Energy Agency says the market is still over-supplied
12 February 2021 - 08:25
Tokyo — Oil prices fell a second day on Friday, extending losses after Opec cut its demand forecast and the International Energy Agency (IEA) said the market was still over-supplied.
Brent crude was down 47c, or 0.8%, at $60.67 a barrel at 3.09am GMT, having dropped half a percent the previous session. US oil was down 53c, or 0.9%, at $57.71 a barrel, after falling 0.8% on Thursday...
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