Oil extends losses after data shows U.S. crude output at record high

January 15, 2020 admin Business News Comments Off on Oil extends losses after data shows U.S. crude output at record high

Oil prices on Wednesday extended losses, falling to their lowest in over a month, after a U.S. report showed that crude production rose to a new record, overshadowing a bigger-than-expected draw in crude inventories.

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Source:: Reuters – Business News