Oil prices16 Oct 2019 22:01
Prices are under pressure from increasing pessimism about the global economy and subsequent demand-side concerns," Stephen Brennock of oil broker PVM said.
Energy traders were looking ahead inventory data later in the day. The American Petroleum Institute will release its weekly stockpile report at 4:30 PM ET, a day later than usual due to the Columbus Day holiday.
The EIA is to publish its weekly report on domestic oil inventories on Thursday, with analysts expecting a supply build of 2.77 million barrels after a rise of 2.91 million barrels last week.