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Oil price downfall continues
Dec. 20, 2018
Source: Reuters

Oil price downfall continues

Oil prices on Thursday couldn’t continue with the gain from the last session and resumed the declines. Oversupply concerns and global economic outlook sent Brent crude futures down by 1.2%, to $56.58 a barrel. WTI crude futures dropped by 1.6%, to $47.39 a barrel. While OPEC has already decided on curbing output by 1.2 million bpd, production cuts won’t happen until next month.

   Read More About : Oil Prices OPEC WTI Brent Crude
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