CRUDE SUMMARY: Further crude losses sustained as soft demand expectations weigh on market

摘要

LONDON (ICIS)--Global oil markets continued to fall on Thursday after the European Central Bank slashed its deposit rate to a record low of -0.5%. Strong selling activity was recorded from the outset with the global benchmark down below $60.50/bbl by 10:00 London time. The November delivery contract then dipped to $59.50/bbl by 15:00.