HONG KONG: Crude prices slipped on Monday to multi-year lows owing to a build-up in supplies while the dollar rallied in response to a strong US jobs report, as analysts warned of further losses.

US benchmark West Texas Intermediate for November delivery was down 18 cents at $89.56. On Friday it closed below $90 for the first time since April 2013. Brent North Sea crude eased 40 cents to $91.91, a two-year low.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details