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Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

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(Investing) – NEW YORK – Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S. imports, stoking a trade war between the top two oil-consuming nations. That has prompted analysts to sharply lower their oil demand and price forecasts. OIL INVENTORIES U.S.

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