Oil Declines over Oversupply Concerns

Oil Declines over Oversupply Concerns Tokyo, 11 Nov (ONA) — Oil prices fell in early Asian trading today, cutting into gains made in the previous session, as concerns about an oversupply outweighed optimism over a possible resolution to the US government shutdown. Brent crude futures fell by 13 cents, or 0.2%, to $63.93 per barrel, while US West Texas Intermediate (WTI) crude was down 13 cents, or 0.2%, at $60 per barrel. Both benchmarks rose by around 40 cents in the previous session.— Ends/Khalid