Oil plummets as US-China trade deal prospect dims

  • Nov 13, 2019 GMT
  • Team Kalkine

  • On Wednesday (November 13), international crude oil benchmark Brent Oil slumped as chances for a trade deal between world’s two large economies (US-China) faded, further weakening the outlook for global growth and energy demand.
  • At the time of writing, (at 02:32 PM GMT) Brent Oil Contract slumped 0.67% to $61.61/bbl, and West Texas Intermediate Oil declined 0.41% to $56.48/bbl, respectively.

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