Oil heads for two-month low as Middle East output rises
Dubai: Oil prices are headed towards a two-month low on Thursday as Middle East production climbed and hostilities between Iran and the US stayed muted. Brent futures for January settlement dropped 1.54 per cent to $91.22 a barrel at 12:28 p.m. in Singapore. West Texas Intermediate for December delivery slipped 1.5 per cent to $85.26. Brent had gained 1.4 per cent on Wednesday. The global…
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