Oil prices down on rise in US crude stock pile
US crude inventories are expected to rise in weekly reports; prices were also weighed by pessimism over the US-China trade deal
29 October 2019 - 12:45
London — Oil slipped towards $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US-China trade deal.
US crude inventories are expected to have risen by about 700,000 barrels last week, according to a Reuters poll of analysts. The first of two weekly supply reports, from the American Petroleum Institute (API), is due at 8.30pm GMT...
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