12.11.2014 - Brent Crude Hits Fresh Four-Year Low on Oversupply Concerns
Brent crude prices slid to another four-year low Tuesday on expectations that the Organization of the Petroleum Exporting Countries wouldn't take action to rein in ample global oil supplies. The U.S. benchmark ended slightly higher on the day. Oil prices have tumbled for months, as moderate demand growth appeared insufficient to absorb growing crude supplies. Many market watchers expect OPEC, which controls more than one-third of global oil production, to maintain its collective output target at its Nov. 27 meeting...............................................Full Article: Source
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