[ad_1] The market is cautiously awaiting the results of the G-20 meeting when financial leaders will meet in Buenos Aires on November 30 and December 1 to resolve a trade dispute between …
Read More »US oil prices fall by more than 1% due to fears of oversupply
[ad_1] SINGAPORE (Reuters) – Oil prices tumbled on Friday, amid fears that oil producers are producing more oil than the world needs, despite dire economic prospects. PHOTO: A pump jack on a …
Read More »Oil slips as US stocks rise, but OPEC can cut reserves to avoid over-supply
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Thursday after US crude oil inventories reached their highest level since December 2017, as worries over an emerging global glut is expected, although the …
Read More »U.S. Oil Enters Bear Market on Rising Inventories, Worries of Oversupply
[ad_1] U.S. oil prices slid for a ninth straight session Thursday, hitting an eight-month low and entering a bear market amid worries over rising global output and signs of deteriorating demand. Light, …
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