Oil prices slide 2.5 percent on rising global crude supplies

07 July 2017, New York — Oil prices fell more than 2.5 percent on Friday after data showed U.S. production and rig counts rose last week just as OPEC exports hit a 2017 high, casting doubt over efforts by producers to curb global oversupply. Benchmark Brent futures LCOc1 were down $1.36, or 2.8 percent, to […] More »