Oil dips below 2019 highs as surging U.S. supply counters OPEC cuts

February 20, 2019 admin Business News Comments Off on Oil dips below 2019 highs as surging U.S. supply counters OPEC cuts

Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and Venezuela.

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Source:: Reuters – Business News