WTI OIL Outlook: Oil Price Hits New Low As Demand Fears Offset Positive Impact From Supply Cuts

<p>WTI oil price pared brief overnight’s gains and fell to new two-week low at $21.66 in European trading on Tuesday, extending weakness into third straight day. Sentiment remains weak as traders strongly fear significant drop in global demand due to coronavirus lockdown, with no positive impact from decision of OPEC+ group to reduce output and […]</p>
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