barrel-at-0651
U.S. crude remains below $40 as oversupply weighs
August 3, 2016 by publisher · Leave a Comment
Oil prices remained weak on Wednesday, with U.S. crude below $40 per barrel and Brent under $42, as fuel oversupply and stuttering economic growth weighed on markets, although prices did receive some support from a weaker dollar. U.S. West Texas Intermediate (WTI) crude futures were trading at $39.54 per barrel at 0651 GMT (2:51 a.m. ET), slightly above their last close and well below the $40 marker they settled below for the first time since April in the previous session. International Brent crude futures failed to …
Read more from the original source:
U.S. crude remains below $40 as oversupply weighs