Oil prices give away previous gains as oversupply bites back

04 August 2016, Singapore — Oil prices slipped after gains earlier on Thursday and the previous day as overproduction and large volumes of unsold crude and ample refined product inventories around the world weighed on markets. U.S. West Texas Intermediate (WTI) crude futures were trading at $40.89 per barrel at 0700 GMT, slightly above their […] More »