Tag Archives: Business Today

Oil Prices Drop as Demand Forecasts Tumble, Supply Sees an Uptick

Oil prices edged lower on Friday as investors feared demand would recover more slowly than expected from COVID-19 pandemic lockdowns, while rising supply also overshadowed optimism over falling crude and fuel inventories. This week, two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed …

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