Oil prices slip amid broad market sell-off that outweighs expected OPEC cuts (nasdaq.com)

Oil fell on Tuesday, foldingunder the weight of a broad stock market sell-off that undercutsupport to prices earlier in the day from expectations that OPECwill introduce new output curbs

Oil prices are around a quarter below their recent peaks inearly October, weighed down by surging supply, especially fromthe United States, as well as a slowdown in global trade.

U.S. crude oil production has soared by almost 25 percent this year, to a record 11.7 million barrels per day(bpd).
more at source: https://www.nasdaq.com/article/oil-prices-slip-amid-broad-market-selloff-that-outweighs-expected-opec-cuts-20181120-00078

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