U.S. crude-oil prices slid for the seventh consecutive session Wednesday, hitting a nearly two-month low after weekly inventory figures reignited worries about a supply glut. West Texas Intermediate, the U.S. price gauge, fell 1.8% to $52.64 a barrel on the New York Mercantile Exchange, extending its longest losing streak since November 2018. Prices have erased all of their 15% rally from mid-September that followed supply disruptions in Saudi Arabia, hurt by projections for soft demand and steady production growth as tensions...

Source: Wall Street Journal October 02, 2019 15:44 UTC