Oil prices drop 2 percent on oversupply, equities sell-off

London: Oil prices fell more than 2 percent on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets. U.S. crude oil dropped $1.36 or 2.7 percent to a low of $48.52, ...more

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