Oil prices drop amid supply glut worries

PG Staff

New York, Nov 3

[dropcap color=”#008040″ boxed=”yes” boxed_radius=”8px” class=”” id=””]O[/dropcap]il prices fell on Monday as traders worried that global supplies exceeded the demand. The West Texas Intermediate for December delivery moved down 45 cents to settle at $46.14 a barrel on the New York Mercantile Exchange, while Brent crude for December delivery decreased 77 cents to close at $48.79 a barrel on the London ICE Futures Exchange.

1. Content is from IANS


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