Oil Price Slumped as Demand Expected to Fall the Most in 25 Years; US Inventory Continued to Soar

<p>Oil prices slumped amidst concerns of oversupply. The market expects that the coordinated cuts announced last week, even if implemented smoothly, will fail to offset the severe contraction in demand. The latest report by International Energy Agency (IEA) suggested that global demand will fall to the lowest level in 25 years. It added that the […]</p>
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