Supply Glut Weighs Down As Weak Demand Sees Prices at $26

By Israel Momoh           OPEC+ agreed oil supply cut is seen to kick off today Friday, May 1, 2020 after Brent, the global oil benchmark has collapsed by 60% and reached a 21-year low in April due to a squeezing pressure placed on demand as countries battle the corona virus.   According to LONDON (REUTERS), prices has slipped to $26 per barrel on Friday as weak demand cushions excess supply in Read more


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