NEW YORK-Brent and United States crude futures fell for a third straight day and extended losses to more than US$2 yesterday on expectations that Saudi Arabia is prepared to raise output and ahead of a US government report on oil inventories expected to show stocks rose last week.
Brent November crude was down US$1.85 at US$110.18 a barrel at 9:28 am EDT, having traded from US$109.62 to US$112.98. US October crude, set to expire today, was down US$1.44 at US$93.85, having traded from US$93.22 to US$96.17.
Reuters
