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Oil prices retreat from one-month high as global-growth worries resurface


Thursday, 24 October 2019 19:57 WIB

Minyak WTI


Oil futures were edging lower on Thursday as investors wrestled with the outlook for crude demand amid further signs of slack in the global economy. A day ago, crude marked the highest finish in a month after a key weekly inventory report showed a decline in U.S. crude supplies.

December WTI crude edged 12 cents, or 0.2%, lower at $55.84 a barrel on the New York Mercantile Exchange, after jumping 2.7% on Wednesday.

Global benchmark Brent crude for December, meanwhile, slipped 6 cents, or 0.1%, to $61.11 a barrel on the ICE Futures Europe exchange, after closing at the highest for the front-month contract finish since Sept. 27.

Source: Marketwatch


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