Oil drops 2% as rising US crude inventories raise concerns over oversupply
TOKYO: Oil prices slipped about 2% on Wednesday, abandoning most of the previous day’s gains, as a surge in US crude inventories and an increase in coronavirus infections in the US and Europe fueled fears of oversupply and lower demand for fuel. Brent futures were down 74 cents, or 1.8%, to $ 40.46 a barrel […]
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