Friday, 17 November 2017

Crude oil price weekly fall oversupply worries

Brent crude futures, the international benchmark for oil prices, were at $61.23 per barrel at 0616 GMT, down 13 cents from their last close.
US West Texas Intermediate (WTI) crude futures were at $55.32 a barrel, up 18 cents. Traders said strong US crude exports were lifting WTI.
Still, crude was on track to fall around 2-4 per cent for the week on worries about growth in US production and inventories, after both benchmarks touched 2015 highs last week.

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