Analysts: Oil rout could go further

A deepening rout in global oil prices that has pushed Brent crude to near its lowest level in a year may run further, according to some technical analysts, even as one key indicator suggests the market is already oversold, Reuters reported.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?