Brent slides under $50 as supply glut woes resurface

22 August 2016, Lagos – World oil prices slid Monday on resurfacing supply glut concerns, slamming the brakes on last week’s rally. By 1200 GMT, Brent North Sea crude for delivery in October had slumped $1.45 compared with Friday’s close to trade at $49.43 a barrel. US benchmark West Texas Intermediate for September delivery shed […] More »