Crude oil falls below $60 as oversupply weighs

Brent crude oil fell below $60 a barrel on Friday as oversupply, supported by record-high US crude stocks, weighed on the market.



US crude inventories rose 7.7 million barrels to 425.6 million last week, rising for a sixth straight week to record highs, data from the Energy Information Administration (EIA) showed on Thursday.



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Posted in: Indian Market Tips