Oil price news, page-37

"Share price may see 12c again. hold on tight, this will be a wild ride."

Make that 11.5c!

The wall St Journal has a pay-walled article claiming there is a glut of oil, an oversupply.
This is the viewable start of the article.
Oil Falls Most Since 2015 on Fears of Oversupply

U.S. oil prices fall for a record 12th consecutive day

By
Dan Molinski and
Amrith Ramkumar

The Wall Street Journal
Updated Nov. 13, 2018 3:09 p.m. ET

U.S. oil prices sank deeper into a bear market Tuesday, posting their steepest fall in over three years and a record 12 consecutive days of losses, as fears of oversupply and weakening demand gripped the market.
West Texas Intermediate for December delivery settled 7.1% lower at $55.69 a barrel on the New York Mercantile Exchange, its sharpest one-day fall since September 2015. Brent crude was down 6.6% at $65.47 a barrel, entering a bear market, defined as a 20% drop from a recent peak.
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