SINGAPORE: US crude prices extended losses on Wednesday, heading towards $27 a barrel, as the International Energy Agency (IEA) warned that the oil market could “drown in oversupply.”

West Texas Intermediate (WTI), the US benchmark, fell to levels last seen in September 2003, touching $27.49 at one point.

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