Oil tumbles on higher production promises

Continued drawdown of US crude inventory worries investors

NEW YORK, NY - JUNE 25: Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), June 25, 2018 in New York City. The Dow was down over 300 points for the day as the market continues to brace for more action from the Trump administration against China. Drew Angerer/Getty Images/AFP== FOR NEWSPAPERS, INTERNET, TELCOS
NEW YORK, NY - JUNE 25: Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), June 25, 2018 in New York City. The Dow was down over 300 points for the day as the market continues to brace for more action from the Trump administration against China. Drew Angerer/Getty Images/AFP== FOR NEWSPAPERS, INTERNET, TELCOS
Published 2 July 2018, 17:07Updated 2 July 2018, 17:07