Oil drops on oversupply, equities sell-off

18 December 2018, News Wires — Oil prices fell on Tuesday after reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in stock markets as the outlook for global growth deteriorated. U.S. crude oil dropped $2.04, or 4.1 percent, to a low of $47.84, its weakest since … More »