Post Tagged with: "worst daily drop"

Source: Reuters

Oil prices set for worst daily drop since April on inventories, bearish Fed


LONDON – Oil prices slumped on Thursday, dragged down by another record build-up in U.S. crude inventories and the U.S. Federal Reserve’s projections that the world’s biggest economy would shrink 6.5% this year.

Brent crude LCOc1 futures erased Wednesday’s …