Oil prices fall amid economic slowdown, despite ongoing OPEC supply cuts - News Daily

advertise

>

Monday, June 3, 2019

Oil prices fall amid economic slowdown, despite ongoing OPEC supply cuts

By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell on Tuesday amid a global economic slowdown that is starting to hit oil demand, triggering calls in producer club OPEC for supply cuts to be extended. Front-month Brent crude futures, the international benchmark for oil prices, were at $60.88 at 0038 GMT. That was 40 cents, or 0.7%, below last session's close

The post Oil prices fall amid economic slowdown, despite ongoing OPEC supply cuts appeared first on Firstpost.



from Firstpost http://bit.ly/2XryUVc

No comments:

Post a Comment