الوكالة الوطنية للإعلامNNA - Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data showed an unexpected rise in consumer prices. Bren
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الوكالة الوطنية للإعلامNNA - Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data showed an unexpected rise in consumer prices. Bren
US oil prices finished below $70 a barrel for the first time since July on Wednesday on a mixed day for global equities, as traders pondered hopes for interest rate cuts from the European Central Bank and the US Federal Reserve.
Despite the OPEC+ supply curbs, prices have slipped nearly 11pc since the settlement on Nov 29
However, several indicators suggest demand is chugging along nicely.
NEW YORK — US oil prices finished below $70 a barrel for the first time since July on Thursday on a mixed day for global equities, as traders pondered hopes for interest rate cuts from the European Central Bank and the US Federal Reserve.West Texas Intermediate oil for delivery in January fell 4.1 percent to finish at $69.38 a barrel. The drop came as markets eyed signs of