MCX LIVE CRUDE OIL NEWS UPDATE BY TRADELINE @India's No.1mcx Tips Provider Missed Call @:/8057046270/8923452051
UPDATE 2-Oil falls as China trims economic g row th target, but OPEC-led cuts support * Oil demand growth tepid amid economic slowdown * China cuts 2019 GDP growth outlook to 6-6.5 pct * But OPEC-led supply cuts have propped up market * Soaring U.S. supply widens WTI-Brent crude price spread (Adds China GDP outlook, updates prices) By Henning GloysteinSINGAPORE , March 5- Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support.U.S. West Texas Intermediate (WTI) crude oil futures were at $56.28 per barrel at 0426 GMT, down 31 cents, or 0.6 percent, from their last settlement. Brent crude futures were at $ 65.3 3 per barrel, down 34 cents, or 0.5 percent."Near term ... it is hard to get very bullish on oil prices. The market is still working off the surpluses built in H2 2018, keeping OECD commercial inventories stuck above the five-year average,&qu