Oil dips as U.S. stocks build; output cut prospects give support

October 23, 2019 admin Business News Comments Off on Oil dips as U.S. stocks build; output cut prospects give support

Oil fell on Wednesday after climbing over 1% in the previous session as U.S. industry data showed a bigger-than-expected build in crude stocks, but the possibility of deeper output cuts from OPEC and its allies prevented a further decline.

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Source:: Reuters – Business News