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Oil prices slip on concerns US-China trade deal may not boost demand

Updated : June 01, 2020 02:19 PM 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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