Oil edges down on US growth concerns

Source: Marketwatch
© Scanpix/Reuters
Prices for crude oil gave up earlier gains amid traders' reaction to weaker-than-expected US economic growth in Q3 and worries about an increasing global glut. Futures for WTI for December delivery dropped $0.27 trading at $45.77 per barrel, whereas Brent futures for delivery in December were down $0.22 to trade at $48.58 per barrel. Economists expect oil prices to fall further in the upcoming year. 
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