Leave us a message

    Oil market enters bear territory as glut fears revive

    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