For the current week crude oil prices have followed up inclination but on Thursday oil prices have plunged as markets recovered from shock over U.S. President-elect Donald Trump's surprise victory and focused on oversupply concerns, as well as whether OPEC will decide later this month to cut production.
Recently oil still faces a glut that has kept prices under pressure for much of the past two years. The global market will remain in surplus unless OPEC can reach an agreement at its Nov. 30 meeting in Vienna.
