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Oil prices slump owing to oversupply concerns
Oct. 26, 2018
Source: Reuters

Oil prices slump owing to oversupply concerns

Oil prices dropped today as Saudi Arabia’s OPEC governor remarked that market may become oversupplied, followed by a slump in global equities which clouded the demand outlook. Brent crude futures were down by 0.7%, traded at $76.38 a barrel. WTI crude was down by 1%, priced at $66.68 per barrel. While Brent is set for a weekly loss of over 4%, WTI is headed for a 3.5% loss this week.

   Read More About : Brent Price Oil Prices OPEC Saudi Arabia WTI
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