Oil slumps 5 percent on Wall Street tumble, Saudi supply assurances

23 October 2018, News Wires — Oil prices plunged about 5 percent on Tuesday to two-month lows as a selloff in U.S. equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran. Brent crude futures LCOc1 fell … More »