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Oil prices steady, but oversupply a concern - Reuters
Reuters | Oil prices steady, but oversupply a concern Reuters U.S. crude oil futures CLc1, also known as West Texas Intermediate (WTI), were down 20 cents at $42.42 a barrel by 1020 GMT. The front-month, September, U.S. contract expires on Thursday. North Sea Brent crude LCOc1 held steady at $48.81 a barrel. Oil is cheaper than it's been in years. Why aren't gas prices? Fall in US Oil Stockpiles Helps Push Prices Up a Tad Oil slides along with China markets, Fed comments in focus |
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