Brent Crude Follows U.S. Oil Toward Bear Market

The price of Brent crude oil fell below the $70-a-barrel mark for the first time in seven months, moving to the brink of bear-market territory.

Oil falls below $70 for first time since April as US crude enters 'bear market'

The United States, Russia and Saudi Arabia are pumping at or near record highs, producing more than 33 million barrels per day (bpd), a third of the world's oil.

Oil headed for longest losing streak on record after falling into bear market

Fears of a supply crunch have turned into talk of oversupply

Oil bear market shows US shale capability has teeth

Sky's Ian King explains the issues behind plunging oil prices and why there is no end in sight to the declines.

Oil drops for a 10th day, a record losing streak

Oil prices fell for a 10th consecutive session on Friday, sinking U.S. crude futures deeper into bear market territory and wiping out the benchmark's gains for the year.

Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes.

India is examining the details of exemptions given to the country by the United States that will allow it to continue to buy Iranian crude oil, a foreign ministry spokesman said on Friday.

Global oil prices fall as supply rises and demand growth slows

"As OPEC exports continue to rise, inventories continue to build, which is putting downward pressure on oil prices," analysts at Bernstein Energy said. "A slowdown in the global economy remains the key downside risk to oil."

Oil remains weak amid concern about rising supply

Brent slips as concern about an economic slowdown weighs on sentiment