Oil slides near $50 on signs US fuel stockpiles increased

Oil prices have struggled to hold above $52 a barrel on concern rising US output may offset OPEC-led supply cuts

Ben Sharples

Updated4 Oct 2017, 06:39 PM IST

Brent for December settlement dropped 21 cents, or 0.4%, to $55.79 a barrel on the London-based ICE Futures Europe exchange. File photo: Reuters — Brent for December settlement dropped 21 cents, or 0.4%, to $55.79 a barrel on the London-based ICE Futures Europe exchange. File photo: Reuters(Reuters)

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