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Oil prices fall 1% as oversupply increases
May 11, 2020
Source: Reuters

Oil prices fall 1% as oversupply increases

Oil prices slipped more than 1% as concern over a persistent glut and economic gloom caused by the coronavirus pandemic cancelled out support from supply cuts at some of the world’s top producers. Both the crude oil benchmarks secured gains over the last two weeks, as countries had eased businesses, however the second wave of COVID-19 cases in North-East China and South Korea, worried investors further; hence slashing the prices.

   Read More About : Brent Price Oil Prices WTI coronavirus
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