Oil slips as fresh COVID-19 outbreaks face draw in U.S. fuel stocks

June 17, 2020 admin Business News Comments Off on Oil slips as fresh COVID-19 outbreaks face draw in U.S. fuel stocks

Oil prices edged lower on Wednesday as a drawdown in U.S. distillate stockpiles for the first time since March and a sharp drop in U.S. crude production faced concerns over fuel demand due to fresh outbreaks of COVID-19.

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Source:: Reuters – Business News