Brent Oil Slides to 11-Year Low as Producers Seen Worsening Glut

Updated on
  • Arab countries focusing on cutting costs, Qatar's Al Sada says
  • U.S. oil-rig count rises by 17 to 541: Baker Hughes data

Deep Dive: Brent's Weakness, Azerbaijani Manat

Brent crude slumped to the lowest since mid-2004 amid speculation suppliers from the Middle East to the U.S. will exacerbate a glut as they fight for market share.

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