Oil prices fell on Friday after the European Central Bank (ECB) warned economic ...
SINGAPORE - Oil prices fell on Friday after the European Central Bank warned economic weakness would continue and as U.S. crude output and exports chase new records, undermining efforts by producer club OPEC to tighten global markets.
A slowdown in economic growth would also likely result in stalling fuel demand, putting pressure prices. Some analysts even expect the United States to soon overtake Saudi Arabia as the world’s biggest oil exporter.
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