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Oil Prices Extend Losses on Record U.S. Output; Still Up More Than 30% YoY


Friday, 3 May 2019 13:12 WIB

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Oil prices fell on Friday in Asia and extended losses from earlier this week amid larger-than-expected U.S. crude production.

U.S. Crude Oil WTI Futures were down 0.4% to $51.59 by 12:47 AM ET (04:47 GMT). International Brent Oil Futures fell 0.5% to $70.39.

On Thursday, a weekly report from the U.S. Energy Information Administration showed U.S. output rose to a record high of 12.3 million barrels per day.

Source : Investing.com


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