Day: July 1, 2020

Oil majors slash 2020 spending by 20% after prices slump
Commodiity
Economic news

Oil rises after drop in U.S. crude stocks suggests demand pickup

By Administrator_India Capital Sands Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world. Brent crude rose 48 cents, or 1.2%, to $41.75 a barrel after declining more than 1% […]

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