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Oil prices fell 1% due to oversupply

2020-08-21T06:37:08.374Z


New York-SANA, oil fell by 1 percent, with an increase in supply of 2 million barrels and a sudden rise in sales demands


New York-Sana

Oil fell 1 percent, with an increase in supply of 2 million barrels and a sudden rise in US jobless claims.

Reuters reported that Brent crude fell 47 cents, equivalent to 1 percent, to determine the settlement price at $ 44.90 a barrel.

West Texas Intermediate crude for delivery next September closed down 35 cents, or 0.8 percent, to $ 42.58 a barrel.

The most active West Texas contract for October delivery also fell 29 cents, or 0.7 percent, to $ 42.82.

Source: sena

All business articles on 2020-08-21

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