Rising oil output pushes prices down
Exerting downward pressure is the decision by Opec+ to increase supplies by two-million barrels per day between May and July
09 April 2021 - 13:04
London — Oil prices edged lower on Friday on rising supplies from major producers and concerns over a mixed picture on the Covid-19 pandemic’s impact on fuel demand.
Brent crude futures for June fell 16 US cents, or 0.25%, to $63.04 a barrel by 10.14am GMT while US West Texas Intermediate (WTI) crude for May was at $59.53, down 7c...
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