The Traderszone Network

Published in TZ Latest News 17 August, 2015 by The TZ Newswire Staff

Oil moves nearer six-year low on Japan data, oversupply

U.S. crude (CLc1), or West Texas Intermediate (WTI), for September was trading 36 cents lower at $42.14 a barrel at 1038 GMT, close to its lowest level in more than six years. Brent (LCOc1) for October edged back, up 22 cents at $49.41 a barrel, having reached an intraday low of $48.35.