oil barrel

Oil prices dips as U.S. production fast approaches 10 million bpd

Oil prices dipped on Thursday as soaring U.S. output, fast approaching 10 million barrels per day (bpd), outweighed a drop in American crude inventories. U.S. West Texas Intermediate (WTI) crude futures were at $58.02 a barrel at 0540 GMT, down 7 cents from their last settlement. Brent crude futures, international benchmark for oil prices, were […]

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oil barrel

Oil prices continue slide; WTI nearing 6-month low as supply glut weighs

Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the previous session, as concerns about global oversupply wiped out all of the price gains since OPEC’s move to cut output. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $44.14 per […]

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