World Market News

Oil Declines Amid Ongoing Oversupply

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Crude oil prices were seen falling after rising the day before, while traders digest the weekly stockpiles data.

Prices for the North American West Texas Intermediate (WTI) crude fell 0.52 lower to $38.08 per barrel on the New York Mercantile Exchange at the time of writing. The European benchmark Brent crude slipped 0.73% lower to $40.77 a barrel on the London-based ICE Futures Europe exchange.  Read more