10/27/2015

Oil drops on talk of sale from U.S. reserves



Oil futures on Tuesday held ground at a two-month low as traders bet on a further weekly increase in crude supplies and weighed a report claiming that the U.S. government plans to sell millions of barrels of oil from its Strategic Petroleum Reserve.
Natural-gas futures NGX15, +1.79% meanwhile, edged a bit higher but not before briefly dipping below $2 per million British thermal units. They suffered a nearly 10% drop on Monday to end at their lowest levels in three years amid ample supplies and a lack of weather-related demand.  Read more

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