Oil drops on US energy report

14 September 2016, Lagos – World oil prices sank Wednesday as traders eyed rising gasoline and distillates stockpiles, amid ongoing jitters over the stubborn global crude supply glut, analysts said. By 1630 GMT, US benchmark West Texas Intermediate (WTI) for delivery in October had fallen 87 cents to $44.03 a barrel, reversing earlier gains. Brent North […] More »