


| Oil Fluctuates Near $40 as Market Braces for Higher OPEC Supply |
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(Bloomberg) -- Oil held near $40 a barrel in Asia, with gains capped by uncertain prospects for a demand recovery from coronavirus as OPEC+ producers start to unwind their production cuts. Futures in New York rose as much as 0.4% before declining 0.4%, after gaining 0.9% on Friday. The market rose 2.
Posted: 2020-08-03 01:09:00
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