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Thursday, 11 August 2016

Oil prices dip on U.S. crude inventory build, record Saudi output | Reuters

Oil prices dip on U.S. crude inventory build, record Saudi output | Reuters:

"Oil prices fell on Thursday as a build in U.S. crude inventories and record Saudi Arabian production reinforced fears of a persistent supply overhang that will last well into next year and keep weighing on markets.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $41.59 per barrel at 0650 GMT, down 12 cents from their last settlement.

International Brent crude futures LCOc1 were at $43.95 a barrel, down 10 cents."



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