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Oil falls to 5-month low over fresh lockdowns, Libyan crude production

The double whammy of falling demand and growing supply pushed futures in New York down as much as 6 per cent in early Asian trading

Topics
Crude Oil Price

Bloomberg 



Oil & gas, rig
The pace of Libya’s production recovery continues to create a headache for the Opec+ alliance

Oil kicked off what promises to be a turbulent week of trading by plunging to a five-month low as a continued increase in Libyan crude production coincided with a wave of new virus-lockdown measures in Europe.

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First Published: Tue, November 03 2020. 00:06 IST

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