Brent Crude Slumps to Seven-month Low on Surg­ing US Stock­piles

The Economic Times - - Front Page -

Brent crude oil sank Fri­day to a seven-month low un­der $70 on surg­ing US en­ergy stock­piles ahead of a week­end meet­ing of ma­jor oil pro­duc­ing na­tions. In Lon­don morn­ing deals, bench­mark oil con­tract Brent North Sea crude for de­liv­ery in Jan­uary slumped to $69.13 per bar­rel, the low­est level since April.

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