Top

Oil prices extend losses as glut worries persist

October 27, 2015

Via: itCurated
Category:

Oil prices fell on Tuesday, on course for a third week of losses as U.S. inventory data is expected to show another increase in crude stocks.

Brent for December delivery had fallen 38 cents to $47.16 a barrel by 10.25 p.m. ET, after settling the previous session down 45 cents, or almost 1 percent.

U.S. crude for December delivery dropped 51 cents to $43.47 a barrel, having ended the day before down 62 cents, or 1.4 percent.