16/07/2019at 08:39

Resumed US extraction in Gulf of Mexico lowers oil prices

Developments in China and resumed extraction in the Gulf of Mexico following hurricane Barry maintain downward pressure for oil prices Tuesday morning.

BY RITZAU FINANS

Tuesday morning, oil prices slide for the second consecutive day after US companies in the Gulf of Mexico resumed oil extraction in the wake of hurricane Barry. At the same time, key figures in China weigh heavily on expectations for future oil demand.

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China's declining growth marginally lowers oil prices
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