Oil Down Over “Anemic” Demand Versus Oversupply Fears…LATEST CRUDE OIL NEWS UPDATE BY MOONCOMMODITY.COM


Oil was down on Friday morning in Asia over the Organization of the Petroleum Exporting Countries (OPEC) plans to ease supply cuts even in the face of rapidly falling fuel demand in Europe and the U.S., two of the biggest fuel consumers, due to rising numbers of COVID-19 cases in both regions.