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Fears of $40 oil grow as the world consumes less crude and the supply of it swells

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Fears of $40 oil grow as the world consumes less crude and the supply of it swells

Oil demand is shrivelling as the trade war between the U.S. and China trips up the global economy.Estimates for March and April are pointing to year-on-year declines in regions that account for almost half of global oil demand, according to Morgan Stanley. In…
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