NEW YORK, Oct. 27 (UPI) -- Expectations of dwindling production weren't enough to offset concerns about oversupply, pushing crude oil prices deeper in the red in early Tuesday trading.
Crude oil prices followed Monday's steep dive with another round of declines showing in early Tuesday trading. Brent crude oil sold for $46.72 per barrel at the start of trading in New York, down about 1.7 percent from the previous day. West Texas Intermediate, the U.S. benchmark price for crude oil, was off 2.6 percent from the previous day to trade at $43.98 per barrel at the opening bell on Wall St.