OIL FALLS BE­LOW $70

Mint ST - - NEWS - 90 85 80 75 70 65 Brent crude

Oil prices fell to multi-month lows on Fri­day as global sup­ply in­creased and in­vestors wor­ried about the im­pact on fuel de­mand of lower eco­nomic growth and trade dis­putes. Bench­mark Brent crude fell be­low $70 a bar­rel for the first time since early April, down more than 18% since reach­ing four-year highs at the be­gin­ning of Oc­to­ber.

18 Apr Oil peaked in Oct on con­cerns that US sanc­tions on Iran would cause short­ages

($/bbl) But other big pro­duc­ers have com­pen­sated by in­creas­ing their out­put

69.61

9 Nov The US, Rus­sia and Saudi Ara­bia are pump­ing at, or near, record highs

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