WTI under $50
Oil prices slipped Monday morning over concerns of global oversupply despite promises from OPEC leader Saudi Arabia that the group would work to limit production at its next meeting in November. Both U.S. and international crude benchmarks were down more than $0.50 per barrel in trading Monday morning after breaking above $50 in October.

The number of rigs drilling in the U.S. continued to climb last week adding to concerns that prices above $50 per barrel would be enough for North American E&Ps to begin increasing product...

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