TODAY OIL NEWS UPDATE

Oil markets dropped by around 1 percent in 2019’s first exchanging on Wednesday, pulled somewhere near flooding U.S. yield and worries around a financial log jam in 2019 as manufacturing plant action in China, the world’s greatest oil merchant, contracted.

Global Brent unrefined prospects (LCOc1) for March were at $53.27 per barrel at 0421 GMT, down 53 pennies, or 1 percent, from their last close of 2018.

West Texas Intermediate (WTI) prospects (CLc1) were at $45.01 per barrel, down 40 pennies, or 0.9 percent.

In physical oil markets, Dubai rough found the middle value of $57.318 a barrel for December, the most reduced since October 2017, two brokers who partake in the market said on Wednesday.

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