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Oil prices in November slide 20%, the weakest month in more than ten years

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Brent futures fell 80 cents, to settle at US$ 58.71 a barrel, ahead of expiry. The February Brent crude futures LCOG9 lost 45 cents to settle at US$ 59.46 a barrel Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar. The two benchmarks, North Sea Brent LCOc1 and U.S. crude CLc1, still have had their weakest month in more than 10 years in November, losing more than 20% as global supply has outstripped demand.

Oil prices in November slide 20%, the weakest month in more than ten years Oil prices in November slide 20%, the weakest month in more than ten years Reviewed by Shahid Karimi on December 02, 2018 Rating: 5

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