Oil prices inch down as oversupply concerns fester

Short resume:

kanak
50%
cents
50%
crude
50%
cuts
40%

NYMEX crude for June delivery CLc1 was down 12 cents at US$49.21 a barrel, after settling up 36 cents on Friday. oil-3 SINGAPORE: Oil prices edged down on Monday on worries that OPEC-led production cuts may not significantly tighten an oversupplied …
Source Free Malaysia Today
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