Oil Extends Losses due to the Global Slowdown and the Possibility of Increased Supply
Oil fell for the third day. A deepening global slowdown appeared to coincide with a surge in supply from OPEC producers. West Texas Intermediate futures fell toward $88 a barrel after falling about 5% in the previous two sessions. Growing signs of an economic downturn filtered through markets on Monday. Bearish U.S. data, including cooling […]