Brent Oil Falls Over 0.40% to 2-Week Low of $62.20 After Atkinson Comment

Brent crude, the international benchmark for oil prices, fell over 0.40% to the two-week low of $62.20 per barrel after Neil Atkinson, head of oil industry and markets division at the International Energy Agency said that oil prices may decline over the coming months.
Also, energy prices remain subdued after U.S. output grew to 9.5 million bpd in September, registering biggest monthly figure in last 2 years. On the other hand, drillers added two oil rigs until December 1, adding it to 749, the highest in last three months.
Moreover, the U.S. West Texas Intermediate (WTI) crude futures fell 0.33% to $57.28 by 07:50GMT.
This story is being updated…

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