


| Oil Falls on Ample Supply as Investors Shun Near-Term Contracts |
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(Bloomberg) -- Oil declined in Asia on signs producers delivered ample supply into the market last month, and as investors continued to cut their exposure to nearer-term contracts. Futures in New York fell as much as 6.5%, after gaining 17% last week. OPEC+’s pledge to trim supply by 9.
Posted: 2020-05-04 01:11:00
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