MARKETS

NOAA tips a warm US winter; oil falls

REVISED weather models for the US's upcoming winter period indicate a warmer winter than first thought, which has led to a slight pullback in the oil price as investors lose confidence in high demand for heating during the season.

Jonathon Davidson

File photo: barrels of oil

While the winter period is expected to be particularly bitter across inland China and parts of south Asia and the Middle East; the latest National Oceanic and Atmospheric Administration climate models...

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