Downward trend sets in as oversupply fears grow

US inventory data and economic gloom, as well as apparent thaw between Saudi Arabia and Iran, dent crude price

Overtures: Iranian Oil Minister Bijan Zanganeh — Overtures: Iranian Oil Minister Bijan ZanganehPhoto: REUTERS/SCANPIX

Nassir Shirkhani

London

Oil price USA Saudi Arabia Iran Opec

Published 4 October 2019, 09:23Updated 4 October 2019, 09:23