Oil holds soft tone on oversupply worries ahead of Fed meeting
Oil prices extended losses on Wednesday, after falling by more than 3 per cent to six-month lows on oversupply and demand concerns. Brent crude futures for February fell 33 cents, or 0.45 per cent, to $72.91 a barrel by 0621 GMT. U.S. West Texas Intermediate crude futures for January dropped 29…
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