Oil languishes near multi-month lows on glut fears
Oil prices held near multi-month lows on Wednesday as investors discounted evidence of strong compliance by OPEC and non-OPEC oil producers with a deal to cut a global output.
Jun 21, 2017, 13:01 PM IST
Oil hits 5-1/2 year low of $63 per barel on supply glut, demand woes
Brent crude continued its march downwards on Friday, dropping to a 5-1/2-year low of $63 a barrel for a weekly loss of more than 8 percent, amid persistent concerns over a global supply glut and a bearish demand outlook.
Dec 12, 2014, 13:50 PM IST