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Oil prices slip as virus fears grow
July 22, 2020
Source: Reuters

Oil prices slip as virus fears grow

Oil prices fell on Wednesday as industry data showed a bigger-than-expected inventory build in the United States, where climbing coronavirus cases may further dent fuel demand in the world’s biggest oil consumer. Brent crude fell 35 cents, to $43.97 a barrel, and U.S. West Texas Intermediate (WTI) crude dropped 39 cents, to $41.53. Oil prices climbed about $1 the previous day, reaching their highest since March 6.

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