Source: Bloomberg

Oil prices fell again today, to $49.35 for WTI from $53.45 on April 11, as the count of US operating rigs continued to rise.

Booming American supply threatens to overwhelm OPEC’s ability to hold oil prices up by reducing production.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.