Tokyo — Oil prices resumed their slide on Wednesday, dragged down by a surprise gain in US inventories and comments from the head of Russian state oil producer Rosneft questioning the point of a deal with the Organisation of Petroleum Exporting Countries to withhold supplies.
Oil prices have fallen sharply on fears about slowing global demand, but won a respite on Tuesday after a global stock market rally on hopes of a cut in US interest rates. The oil market has been weighed down by concerns about slowing global growth from the US-Sino trade war and President Donald Trump’s threats last week to place tariffs on Mexican imports.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil rises on decline in US stocksConcern over the escalating US-China trade war caps gains
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »