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Oil prices fall as U.S. fuel demand remains weak
May 29, 2020
Source: Reuters

Oil prices fall as U.S. fuel demand remains weak

Oil prices edged lower after U.S. inventory data showed lackluster fuel demand in the world’s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets. Brent crude slipped 0.7%, to $35.04 and WTI crude was at $33.18 a barrel, down 1.6%. Still, both contracts are set for a fifth weekly gain, helped by production cuts and optimism about demand recovery in other countries.

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