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Oil prices resume slide as supply glut prevails - Reuters
Reuters | Oil prices resume slide as supply glut prevails Reuters Brent crude oil LCOc1 was down 20 cents at $47.66 a barrel by 0820 GMT, around 12 percent below its opening level on May 25, when an OPEC promise to restrict production was extended into 2018. U.S. light crude CLc1 was 20 cents lower at $45.44. Surprise bet: Crude oil may hit $80 by December Is $50 Oil Still Realistic? Oil stabilizes after steep falls |
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