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Oil settles lower on surging US shale supply

US grew output by almost 2.4 million bpd over the past year

Oil price: Brent oil futures settled down $1.24, or 2%, at $61.50 a barrel
Oil price: Brent oil futures settled down $1.24, or 2%, at $61.50 a barrel
  • Reuters
RussiaWest Texas IntermediateAlexander NovakKhalid Al-FalihUS Energy Information Administration
Published 23 January 2019, 00:19Updated 23 January 2019, 00:19