Off the wire
• Agriculturalists push for subsidised farm inputs, soft loans in Africa  • U.S. dollar slumps against other major currencies  • IOC chief Bach calling for revamp of anti-doping system  • Lithuanian official requires independent probing into incident in Belarusian nuclear power plant  • Syrian army kills 60 IS militants in Deir al-Zour  • Obama calls Republican nominee Trump "unfit" to be president  • Obama vows to push passage of TPP despite opposition from presidential nominees  • 1st LD: Rouhani says U.S. failed to fulfill nuke obligations "accurately"  • Chinese women's basketball facing tough Olympics  • Ajax get club record transfer fee for Milik from Napoli  
You are here: 　 Home

Oil prices keep falling on glut worries

Xinhua, August 3, 2016 Adjust font size:

Oil prices reversed early gains to end lower Tuesday, with the U.S. oil settling below 40 U.S. dollars a barrel for the first time since April, as concerns about a supply glut continued to weigh on the market.

The West Texas Intermediate for September delivery dipped 0.55 dollar to settle at 39.51 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery decreased 0.34 dollar to close at 41.80 dollars a barrel on the London ICE Futures Exchange. Enditem