1. Oil slumps on oversupply worries as Kuwaiti strike ends
Oil prices fell sharply on Wednesday on oversupply concerns as a three day strike by Kuwaiti workers ended and production was expected to rapidly return to normal levels.
Furthermore, data from industry group American Petroleum Institute showed that U.S. crude stockpiles rose more than expected last week.
Investors await the release of the government's weekly inventories at 14:30GMT, or 10:30AM ET.
Meanwhile, U.S. crude oil futures fell 1.81% to $41.70 at 9:52AM GMT, or 5:52AM ET, while Brent oil traded down 1.57% to $43.34.