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Organization of the Petroleum Exporting Countries

Oil price down as Trump tests positive for COVID-19

5 mins read

The FINANCIAL — Oil fell by 5% on Friday after Trump tested positive for coronavirus. It was already in negative territory after a bipartisan deal on U.S. stimulus continued to elude House Speaker Nancy Pelosi and the White House, adding to fears about worsening demand without more support for the economy.  However, oil prices are expected to rise just slightly in the final quarter of the year, held back from further gains by a deep chill in global travel and a still-healing economy. Oil tumbled to the lowest in more than three weeks after President Donald Trump said he tested positive for…

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Oil price down as Trump tests positive for COVID-19

5 mins read

The FINANCIAL — Oil fell by 5% on Friday after Trump tested positive for coronavirus. It was already in negative territory after a bipartisan deal on U.S. stimulus continued to elude House Speaker Nancy Pelosi and the White House, adding to fears about worsening demand without more support for the economy.  However, oil prices are expected to…