(MENAFN- ProactiveInvestors)
Crude oil futures plunged overnight after U.S. government data showed an unexpected increase in weekly crude-oil supplies.
September crude dropped 4.3% to settle at US$40.80 a barrel on the New York Mercantile Exchange.
The September contract expires on Thursday.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.