BUSINESS

Oil Price Hits Lowest Level

Oil traded on Friday at its lowest level in about three weeks, with prices set to suffer their largest weekly loss in a month as rising U.S. production and President Trump’s withdrawal from the Paris climate accord add to concerns of a persistent supply glut. 

On the New York Mercantile Exchange, West Texas Intermediate crude slid 84 cents, or 1.7 per cent, to $47.52 a barrel.

Yvad Billings, Readers Bureau, Fellow

Edited by Jesus Chan

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