Oil falls on fears of second coronavirus wave

Oil falls on fears of second coronavirus wave
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14.05.2020

MOSCOW (MRC) -- Oil prices fell as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses, reported Reuters.Brent crude futures fell USD1.04, or 3.4%, to USD29.93 a barrel by 12:58 p.m. EDT (1658 GMT). US West Texas Intermediate (WTI) crude fell 30 cents, or 1.2%, to USD24.44 a barr

Full article at mrcplast.com

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