Oil drops on oversupply worries

Analysts expecting cutbacks on production estimates from shale producers

Oil price: Brent crude oil fell 67 cents, or 1.11%, to settle at $59.61 a barrel
Oil price: Brent crude oil fell 67 cents, or 1.11%, to settle at $59.61 a barrel
Published 17 December 2018, 22:08Updated 17 December 2018, 22:08