Oil prices extend losses after JP Morgan cuts forecast

6/8/2018

This week saw falling demand in China and a surge in US production. The rapid increase from U.S. shale and tightening supplies by OPEC and Russia pulled WTI Crude versus Brent into a discount of more than $11 per barrel. WTI Crude is $65.63; Brent is $76.61 this morning.

Source: Reuters.com - By: Jessica Resnick-Ault - Image: Isaac Urrutia

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