from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/oversupply-led-to-selloff-in-oil-prices-2016091433564/
Oversupply led to Selloff in Oil Prices
Selloff in energy prices led the decline in global financial markets. Forecasts by IEA and OPEC that world oil supply remain abundant weighed on energy prices. the front-month WTI crude contract slumped -3% while the Brent crude contract was down -2.53%. Refined products also dropped with heating oil and RBOB gasoline contracts losing -1.29% and -0.96% respectively.
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/oversupply-led-to-selloff-in-oil-prices-2016091433564/
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/oversupply-led-to-selloff-in-oil-prices-2016091433564/
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