(MENAFN- ProactiveInvestors)
West Texas Intermediate couldn't hold on the early gains falling US$1.36 to settle at US$49.45 a barrel in New York on continued supply worries.
A slower than expected drop off in US drilling as revealed by stats on Friday dented confidence among the speculators.
At the same time eyes remain focussed on America’s ever-growing crude stockpile and ongoing industrial disputes.
In London trading Brent crude was down almost 2%.
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