Demand Worries Hurt Oil

Credit: Wochit Business
Published on June 12, 2019 - Duration: 00:50s

Demand Worries Hurt Oil

According to Reuters, Oil futures sank on Wednesday amid higher U.S. crude inventories and a weaker demand outlook, while uncertainty over the U.S.-China trade war and its potential economic impact weighed on stock markets.

Hedge fund managers have been liquidating bullish oil positions at the fastest rate since late 2018 amid growing economic fears.

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Demand Worries Hurt Oil

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