Cenovus Energy reports fall in first-quarter profit as lower oil prices weigh

Cenovus Energy reports fall in first-quarter profit as lower oil prices weigh

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Oil and gas producer Cenovus Energy Inc CVE-T reported a fall in first-quarter profit on Wednesday, hurt by lower oil prices. Crude oil prices were volatile in the first quarter as the recent U.S. banking crisis raised concerns about a dip in oil demand, while a surprise OPEC+ production cut…

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