Oil prices drop as oversupply fears outweigh Yemen
 

[IMG]https://s.yimg.com/bt/api/res/1.2/F3bZvKMCQn6g_q4c6o4Wmg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en-AE_XE/News/AFPEco**micEn/8f0aa3523d4ccb8afcb07e14141d57989997e437.jpg[/IMG]Oil sank Monday as an oversupplied market offset concerns over unrest in the crude-rich Middle East, where Saudi-led warplanes have struck rebel targets in Yemen. Brent **rth Sea crude for delivery in May slid $1.04 to $55.39 a barrel in London after**on deals. US benchmark West Texas Intermediate (WTI) for May shed $1.10 to $47.77 a barrel. "Crude oil prices remain under pressure," said Myrto Sokou, senior energy analyst at the Sucden Financial brokerage in London.




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