US oil drops nearly 3% on oversupply worries

US crude stockpiles last week rose to their highest since September 2017

Oil price: Brent crude futures fell $1.43 a barrel, or 2% to $70.75 — Oil price: Brent crude futures fell $1.43 a barrel, or 2% to $70.75Photo: REUTERS/SCANPIX

Reuters

Published 2 May 2019, 22:26Updated 2 May 2019, 22:26

Production North America