Oil tumbles on demand worries; stocks hit by trade and economic fears

June 12, 2019 admin Business News Comments Off on Oil tumbles on demand worries; stocks hit by trade and economic fears

Oil futures sank 4% on Wednesday amid higher U.S. crude inventories and a bleaker demand outlook, while uncertainty over the U.S.-China trade war and U.S. economic data weighed on stocks.

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Source:: Reuters – Business News