(MENAFN- ProactiveInvestors)
Traders once again sold crude oil overnight with both the U.S. and Europe trading crudes eyeing their lowest prices of 2015.
West Texas Intermediate fell 68 cents to US$46.43 a barrel although its still off its March low of below US$43 a barrel.
Brent plunged over 2% to US$51.10 a barrel in early trade a price not seen since the end of January.
Last month July WTI lost 21%.
Added pressure on black gold services firm Baker Hughes said the number of U.S. oil rigs rose by five to 664 oil-services firm Baker Hughes reported.
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