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Oil in London dips below US$50 as market chaos counters Opec+ cuts

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Oil has plunged more than 40% from a four-year high in October on the prospect of a supply glut.

 

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Oil in London dips below US$50 as market chaos counters OPEC+ CutsTOKYO: Oil in London fell below US$50 a barrel for the first time since July 2017 as broader financial market turmoil and worries over U.S. supply countered signals from the OPEC+ coalition that it may extend or deepen output cuts. Malaysia tough start to 2019
Source: staronline - 🏆 4. / 75 Read more »