LONDON (ICIS) – Oil prices slumped on Tuesday on growing concerns about slowing global demand and oversupply, as well as asset sell-offs. The fall prompted by US President Donald Trump urging OPEC not to cut crude supply on Monday was driven further on Tuesday. Both Brent crude and WTI futures opened around $1 bbl below the previous day’s close but the drop accelerated significantly during European afternoon and late evening.
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