Oil Falls With OPEC Supply Surge Adding to Demand Woes
A bird lands above the Organization for Petroleum Exporting Countries (OPEC) logo at its headquarters after the group’s 150th meeting in Vienna, Austria (Photographer: Adam Berry/Bloomberg News)

Oil Falls With OPEC Supply Surge Adding to Demand Woes

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(Bloomberg) -- Oil slid amid a weaker demand outlook underscored by OPEC’s decision to taper production cuts and U.S. economic data signaling a slowing recovery in the labor market.
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