U.S. crude breaks below $40/bbl as oil dives 4 percent on glut worry
U.S. crude tumbled below $40 per barrel for the first time since April as oil prices fell nearly 4 percent on Monday on heightened worries of a crude despite peak summer fuel demand. A 15-percent slump in U.S. crude prices in July, the worst monthly loss in a year, also triggered liquidation as trading began […]
Oil rises after month of steady decline but oversupply still weighs
Oil rose on Monday, driven by new orders as traders staked out positions at the start of the new month, but the market remains dogged by a crude glut, a flood of refined products, and an economic slowdown. Brent crude was at $43.74 per barrel at 0650 GMT (2:50 a.m. ET), up 21 cents from […]
