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Brent crude prices fell to levels last seen in 2004 on Monday, dropping below the lows hit during the 2008 financial crisis on renewed worries over an oil glut. Global production remains at or near record highs and new supply looms from the Iran and the United States. Crude…

Crude futures were mixed in Asian trading on Friday as fresh signs of inventory building and the Federal Reserves rate hike this week kept prices under pressure amid a global glut of oil that shows no sign of abating.US crude’s West Texas Intermediate were down 13 cents at $34.82…

Crude futures fell in Asian trade on Thursday, adding to sharp losses the previous session after the Federal Reserve raised rates for the first time in nearly a decade and official figures showed a surprise build in US inventories.West Texas Intermediate for January delivery, the front-month contract, was down…

Crude oil fell in Asian trade on Wednesday, snapping gains that pulled prices back from testing 11-year lows, as investors awaited the outcome of a Federal Reserve meeting, where interest rates are likely to be raised.West Texas Intermediate fell 55 cents to $36.91 a barrel early on Wednesday after…

Crude oil futures slipped in early Asian trade, adding to a slump on Friday following a forecast from the International Energy Agency (IEA) that the global glut of oil is likely to deepen next year.Brent crude, the global benchmark, fell below $38 a barrel for the first time since…