Oil prices flat on weak demand

Source: The Wall Street Journal
Prices for crude oil stayed weak on Monday due to a slowing demand outlook implying that an excess of supply will persist for the next months. WTI futures for December delivery were $0.14 higher to trade at $44.74 per barrel. Brent futures for delivery in December were also up by $0.14 trading at $48.13 per barrel. The oversupply in oil has been in place since summer 2014, when oil prices were beyond $100 a barrel, almost double of today's level.

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