U.S. crude oil edges higher but closes below $69 as large surplus expected next year

UBS slashed its price forecast for global benchmark Brent to $80 per barrel on weakening demand in China, the world's largest crude importer.

Nov 15, 2024 - 07:00
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U.S. crude oil edges higher but closes below $69 as large surplus expected next year
UBS slashed its price forecast for global benchmark Brent to $80 per barrel on weakening demand in China, the world's largest crude importer.