UAE

Over Supply of Oil Continues to Drive Prices Lower

It was a day of muted trading for oil yesterday, with both the US and Canada observing a public holiday in honor of their war veterans, and as a result the Wednesday oil inventories report is now scheduled for Thursday.

Brent Prices Steady Below $97 As Speculation About OPEC Cut Grows

Brent crude oil (BNO, quote) remained below $97 on Thursday as the growing supply glut continued to outweigh concerns about the conflict in the Middle East.