By Florence Tan SINGAPORE (Reuters) - U.S. crude fell more than $2 to a five-year low in Asian trade on Monday, while Brent futures touched a fresh four-year low, extending a steep sell-off after OPEC decided not to cut production last week, keeping markets well supplied. Both U.S. crude and Brent have fallen for five straight months, oil's longest losing streak since the 2008 financial crisis. U.S. crude tumbled to near $64, dragging Brent down below $70, after Saudi Arabia's oil minister told fellow OPEC members last week that they must combat the U.S. shale oil boom. ...
Read More http://ift.tt/1rLbS4G
No comments:
Post a Comment