Crude declines extend on fears Saudi Arabia will flood market

摘要

Crude futures extended their run to the downside Tuesday amidconcerns that promises of stepped up supply from Saudi Arabia wouldflood already oversupplied markets.ICE May Brent settled $1.32 lower at $28.73/b and NYMEX April WTIwas down $1.75 on the day at $26.95/b.