Oil prices open down on persistent oversupply worries

© Reuters. MELBOURNE (Reuters) – U.S. crude futures fell more than 5% in early trade on Monday, paring last week’s gains, on worries about oil oversupply and tempered hopes for an economic recovery as some U.S. states and cities around the world ease coronavirus pandemic restrictions. U.S. West Texas Intermediate (WTI) crude () futures fell […]

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Oil prices lower as persistent oversupply fears weigh

© Reuters. Oil prices lower as persistent oversupply fears weigh Investing.com – Oil prices fell on Tuesday as concerns about oversupply continued to weigh, despite the American summer driving season getting underway. were down 18 cents, or around 0.36%, to $ 49.64 a barrel by 07.52 GMT, after climbing above $ 50 per barrel earlier. […]

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