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Oil falls to $53 on economic worries, surging supply

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Oil falls to $53 on economic worries, surging supply
02 January 2019, London — Oil fell towards $53 a barrel on Wednesday, under pressure from the rising output in major OPEC and non-OPEC producers and due to concerns about an economic slowdown that could weaken demand. Russian production hit a post-Soviet record in 2018, figures showed on Wednesday. Other data showed U.S. output reached … More »
Oil falls to $53 on economic worries, surging supply Oil falls to $53 on economic worries, surging supply Reviewed by Crude Oil Facilitators on 13:00 Rating: 5

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