Money & Business

Oil drops as traders weigh tight gasoline markets

Oil declined at the start of the week’s trading as investors weighed tight product markets against concerns over slowing global growth.

West Texas Intermediate edged below $110 a barrel in early Asian trading following four consecutive weekly gains, the longest such run since February. Gasoline and diesel prices have rallied to records ahead of the start of the US summer driving season, which begins in about a week.



Related Articles

Back to top button