Oil prices retreat from $50 on oversupply concerns, stronger dollar

14:00, 27 May 2016
75 0

Oil futures slipped in Asian trade on Friday after hitting resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply, Reuters reported.

Please Subscribe For Full Access

If you see a spelling error on our site, select it and press Ctrl+Enter