Oil slips as profits taken from strong rally

20 October 2016, London — Oil prices fell on Thursday on profit-taking, after markets rallied the previous day on another unseasonal draw in U.S. crude oil stocks helping bullish sentiment from an expectation of an OPEC-led cut in production. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $50.78 per barrel at 1230 […] More »