Oil prices slip on economic worries, surging US crude supply

Author:

Reuters

article author:

ID:

1554965540395353200

Thu, 2019-04-11 06:50

SINGAPORE: Oil prices were dragged down on Thursday by surging US crude stockpiles and record production, while economic concerns cast doubt over growth in demand for fuel.
International benchmark Brent futures were at $71.52 per barrel at 0642 GMT, down 21 cents, or 0.3 percent, from their last close.
US West Texas Intermediate (WTI) crude oil futures were at $64.34 per barrel, down 27 cents, or 0.4 percent, from their previous settlement.