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 […]

Published August 5, 2016

By LizOutLoud

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

      

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