Just in: U.S. oil dips more than 7 pct amid oversupply concerns
NEW YORK, (Xinhua) -- Oil prices dropped noticeably Sunday night with the U.S. benchmark down more than 7 percent amid persistent oversupply concerns.
The West Texas Intermediate for June delivery slipped 7.2 percent to 15.72 U.S. dollars a barrel, while Brent crude for June delivery slid 0.8 percent. ■
