We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Tokyo — Oil prices slid about 2% on Wednesday, giving up most of the previous day’s gains, as a surge in US crude stocks and growing coronavirus infections in the US and Europe fanned the fear of a supply glut in oil and weaker fuel demand.

Brent crude was down 76c, or 1.8%, at $40.44 a barrel by 3.43am GMT, having climbed nearly 2% the previous day. US oil was down 90c, or 2.3%, at $38.67 a barrel, after gaining 2.6% on Tuesday...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now