Oil market enters bear territory as glut fears revive

Oil market enters bear territory as glut fears revive

August 5, 2016
|
0 Comments
|

By hellenicshippingnews For the second consecutive day US crude prices have dropped below $40 a barrel on growing concerns over global oversupply. A drop in US equities has also offset an early boost for crude prices from a weak US dollar. US West Texas Intermediate (WTI) plunged as low as $39.42 per barrel on Wednesday – its … Read full story ›

Source:: Hellenic shipping news Oil