Declining Oil Prices Put Pressure On Contracting Market

Oil stays below $30 with gains being extended

Oil rose further Friday after a dramatic rebound from multi-year lows. It stayed below $30 a barrel on fears the deadly coronavirus will push the world into recession with an oversupply. US benchmark West Texas Intermediate (WTI) was up 3.65% to $26.14 a barrel in midday Asian trade. Brent climbed 2.14% to $29.08 a barrel....

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