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Oil prices fell further to five-month lows in Asian trade after the previous session's drop, erasing all gains since OPEC's output cut. Brent traded near $48.28 and WTI near $45.40, with analysts doubting OPEC would deepen cuts.
Concerns about global oversupply and doubts over deeper OPEC cuts keep crude prices under pressure, lowering energy costs but reflecting weak demand sentiment across commodities.
business-standard.comReutersMay 5, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
