WTI crude oil fell sharply by 7.21% to US$55.68 per barrel Tuesday (Nov 13) in New York amid rising production and a softening in US President Donal Trump’s oil sanctions on Iran. Brent oil also declined by 6.56% to US$65.64 per barrel after OPEC lowered further its forecast for oil demand, which is linked to potential slowdown of global economy.To subscribe please click here