MARKET WATCH: NYMEX crude oil dips under $28/bbl

Light, sweet crude oil prices dropped Feb. 9 to settle under $28/bbl on the New York market while Brent crude oil prices plunged by more than $2.50 to settle at just above $30.30/bbl after a US government report forecast global oil inventories would climb during 2016-17, adding to an oversupply.

Source: News