Oil Prices Slip on Opec-Plus Oversupply

摘要

Oil prices fell 1% on Thursday after Reuters reported Opec-plus needed to address an oversupply of more than 2 million barrels per day and the number of US unemployment benefit claims rose unexpectedly, signaling a slow economic recovery. Brent crude fell 47￠, or 1%, to settle at $44.90 per barrel, while West Texas Intermediate (WTI) for September delivery ended the session 35￠, or 0.8% lower, at $42.58/bbl on the last day of trading. The more active October WTI contract ended down 29￠, or 0.7%, at $42.82/bbl.