Oil extends drop after report points to jump in US inventories

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Gulf News Emirati Arabi Uniti 05.11. 01:29

Oil extends drop after report points to jump in US inventories

Oil fell for a second day after an industry report indicated the biggest increase in US inventories in more than three months. West Texas Intermediate held above $60, while Brent settled at more than $64 on Tuesday. US crude inventories rose 6.5 million barrels last week, according to a document fr»»»

gulfnews.com
Channels Television Nigeria 04.11. 08:41

Oil Prices Drop On Oversupply Concerns After OPEC+ Output Plans

  Oil prices slipped on Tuesday after the Organization of the Petroleum Exporting Countries and its allies, OPEC+, agreed to pause output hikes in the first quarter of next year as a signal of oversupply in the market. Brent crude futures fell 15 cents ... »»»

channelstv.com
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