Oil prices stabilize after three-day drop on US crude inventory estimate
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#11811d82 ver:0.37

Oil prices stabilize after three-day drop on US crude inventory estimate, with US stockpiles shrinking by 4.4 million barrels. Despite supply cuts by OPEC+, weak demand in China has caused prices to fall. The International Energy Agency warns of a 1 million barrels per day supply hit due to the coronavirus outbreak and suggests OPEC+ may need to cut output by 600,000 barrels per day. Meeting in Vienna, OPEC+ is expected to discuss further production cuts to stabilize prices. #OilPrices #OPEC #Coronavirus...

#newstr #OilPrices #UsCrudeStockpiles #Opec+ #China #Russia #CoronavirusOutbreak #Iea #GlobalOilDemand #ProductionCuts #Vienna 

 https://here.news/story/11811d82?ver=0.37