23 Aug Oil prices fall on concerns of oversupply as Libyan output recovers

By hellenicshippingnews.. Oil prices fell on Wednesday, weighed down by concerns of oversupply as Libyan output improves and as U.S. gasoline inventories rose despite the peak summer driving season. Brent crude futures, the international benchmark for oil prices, were at $51.64 per barrel at 0721 GMT, down 23 cents, or 0.4 percent, from their last close. U.S. … Read full story ›

Source:: Hellenic shipping news Oil