


| Oil Retreats as Signs of Slowing Recovery Cloud Demand Outlook |
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(Bloomberg) -- Oil held its losses in Asia after weak U.S. economic data cast doubt on the prospects for a demand recovery even as OPEC+ prepares to taper output cuts starting next month. Futures in New York were down 0.1%, after retreating 1.1% on Thursday, although the market is still up 0.5% on the week.
Posted: 2020-07-17 01:05:00
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