Bullionguru’s,”Oil prices slide 2.5 percent on rising global crude supplies”

Oil prices fell more than 2.5 percent on Friday after data showed U.S. production and rig counts rose last week just as OPEC exports hit a 2017 high, casting doubt over efforts by producers to curb global oversupply.Benchmark Brent futures (LCOc1) were down $1.36, or 2.8 percent, to $46.75 a barrel at 1:35 p.m. EDT (1735 GMT), after falling to $46.28, the lowest in more than a week.

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