US crude settles at $48.84, down 1% on rising output and signs of weak demand

US crude settles at $48.84, down 1% on rising output and signs of weak demand This is a developing news story. Please check back for updates: http://www.cnbc.com/2017/05/01/oil-slips-below-52-as-us-drilling-china-worries-weigh.html Follow @CNBCnow for breaking news and real-time market updates Send this email to a friend Unsubscribe  Advertise  More Newsletters  Digital Products © 2015 CNBC Inc. All Rights Reserved. 900 Sylvan Avenue Englewood Cliffs, NJ 07632

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