Post Tagged with: "oil slips"

Source: CNBC

Oil slips as producer cuts fail to banish demand fears


Oil prices edged lower on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale output provided some support.

Brent futures fell 52 cents, …

Source: Reuters

Oil slips below $62 as trade talks drag on


LONDON – Oil fell for a second day on Tuesday, dropping below $62 a barrel on limited progress toward resolving the U.S.-China trade dispute, higher than expected Norwegian oil output and forecasts of rising U.S. crude inventories.

A Chinese …