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Crude hit by fears of Economic slowdown and no trade deal

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On March 20, the crude futures gained 1.4 percent over American oil stockpiles declines. The US crude imports from Venezuela stopped completely, the imports from Saudi reduced by over 50 percent and Iranian oil to the US, declined 20 percent, to less than 1 million bpd, from May. These factors were supporting oil prices. However, a reverse trend in the US treasuries was first time observed in the..
Date Published: Mar 25, 2019
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