Energy prices remained under pressure in Asia Tuesday. Higher-than-expected production in Libya and soft manufacturing activities indicators in the US and China dented hopes of demand improvement. Trump’s suggestion or raising gas tax to fund infrastructural spending has also vexed the market. The front-month WTI crude oil contract initially dropped to a 5-week low of 48.59 before ending the day at 48.84, down -0.99%.
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Oil Prices Weighed Down by Libya’s Output Resumption
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