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Oil extends slide from 7 percent slump the day before as outlook darkens by www.expertcommodity.com Oil markets slipped again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the specter of faltering demand scared off investors. U.S. West Texas Intermediate (WTI) crude oil futures were at $55.50 per barrel at 0514 GMT, down 19 cents from their last settlement. International benchmark Brent crude oil futures ( LCOc1 ) were down 22 cents at $65.25 per barrel. Crude oil has lost over a quarter of its value since early October in what has become one of the biggest declines since prices collapsed in 2014. Click Here: www.expertcommodity.com The slump in spot prices has turned the entire forward curve for crude oil upside down. Spot prices in September were significantly higher than those for later delivery, a structure kno...
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