Oil prices decline on swelling oversupply, volatile markets | Reuters

Oil prices decline on swelling oversupply, volatile markets | Reuters:

Oil prices fell on Thursday amid volatile currency and stock markets, coupled with concerns that an economic slowdown in 2019 will cut into fuel demand just as crude supplies are surging.

U.S. West Texas Intermediate crude oil futures dropped 75 cents to $45.79 a barrel by 0900 GMT.

International Brent crude futures were down 50 cents at $54.41 a barrel.