Oil prices slip on concerns US-China trade deal may not boost demand
Updated : January 15, 2020 09:41 AM IST
US Treasury Secretary Steven Mnuchin said late on Tuesday that the tariffs would remain even as a trade deal is set to be signed on Wednesday.
US oil production is expected to rise to a record of 13.30 million barrels per day in 2020 mainly driven by higher output in the Permian region of Texas and New Mexico.
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