Oil prices hit reverse gear on Thursday as traders tracked fresh turmoil on global equity markets, rising US crude reserves and the build-up to this week's Opec output meeting.
The price of Brent North Sea crude for April delivery fell 17c to $60.73/barrel in electronic deals.
New York's main oil futures contract, light sweet crude for delivery in April, shed 43c to $58.03/barrel in floor trading, after spending much of the day in positive territory.
Read more at FIN24.co.za
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