Oil Drops 4 Percent On Oversupply, Equities Sell-off

Reuters: Business News, Reuters: Business
Tue, 12/18/2018 - 2:33am

Oil prices fell 4 percent on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets.

Topics: u.s russian oil percent sell-off

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BING NEWS:

Crude Oil WTI (NYM $/bbl) Front Month
2-Year U.S. Treasury Note Continuous Contract $101.730 0.105 0.10% 5-Year U.S. Treasury Note Continuous Contract $105.656 0.250 0.24% 10-Year U.S. Treasury Note Continuous Contract $108.750 0.391 ...
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LG, POSCO cut battery investments amid EV oversupply
LG and POSCO decided to slow down their investments in the battery sector to better deal with decelerating global demand for electric vehicles (EVs), both companies said Thursday.
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Despite $90 crude, US oil output capped by weak natgas prices
Henry Hub futures , the benchmark for U.S. gas, are trading below $1.80 per million British thermal unit (mmBtu), and earlier this year dropped to a 3-1/2-year low on warm weather and oversupply.
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Oil Drops 4 Percent On Oversupply, Equities Sell-off

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