Oil Extends Slide as OPEC Supply, US Shutdown Weigh on Markets
Oil slid for a fourth day as OPEC is expected to agree on restoring more idled supply in a meeting over the weekend, while the ongoing US government shutdown fueled risk-off sentiment.
West Texas Intermediate declined to trade near $61 a barrel. Brent traded near $65. Early signs of global oversupply may be emerging in the Middle East, while US crude and gasoline stockpiles swelled last week.
