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Oil falls 3pc on weak demand outlook

23 0
01.05.2025

NEW YORK: Oil prices fell about three per cent to a two-week low on Tuesday as investors braced for Opec to boost output and worried US President Donald Trump’s tariffs would hit the global economy and slow demand for the fuel.

Brent crude futures fell by $1.70, or 2.6pc, to $64.16 per barrel at 1:34 p.m. EDT (1734 GMT). US West Texas Intermediate crude dropped........

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