Fri, 31 Jul 2015 08:50:05 GMT
Crude prices slide amid oversupply concerns
Oil futures declined on Friday on worries over strong global supply, despite the OPEC's attempts to salvage the situation. The New York-traded WTI futures slid 0.9% to $48.07 a barrel, while the London-traded Brent Crude fell 0.8% to $52.88 a barrel by 7:20 AM GMT. OPEC believes that due to growing demand,even if the supply remains unchanged, oil prices might not