Sunday 17 November 2019
 
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US rig

Oil slides in thin trade on rising US rig count

Oil prices dropped on Friday as a rising US rig count stoked more concerns about global oversupply while an investigation by Chinese regulators into suspected stock market manipulation further unsettled the market. A sharp move lo

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Oil prices fall as Opec output expected to stay high

Crude oil prices dipped early on Monday on expectations Opec output would remain high after rising in May, stoking worries of oversupply despite declining US rig operations. Crude oil prices jumped almost 5 per cent on Friday, the

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