Economic news

Oil prices continue to fall

Oil prices fell sharply on Thursday after posting a slight increase in the beginning of the session, as traders are willing to test new lows for oil prices however with concerns about a global glut.

Brent crude fell 15 cents to $44.67 per barrel, spending a lot of the Asian trading day on the positive side after fell 2.6% in the previous session to the lowest result since November.

U.S. crude futures fell 14 cents to $42.39 per barrel, also traded higher most of the trading day. On Wednesday, they settled at $42.53, after touching the lowest intraday level since August 2016.

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