Wednesday 20 July 2016

OIL PRICES HIT TWO-MONTH LOW ON HIGH INVENTORY

PHOTO:AFPCrude oil prices were two-month low early yesterday, on fears that global inventories of crude and the increase in United States rig count could remain high.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at $45.05 a barrel, down by $0.19, or 0.4 per cent, in the Globex electronic session.

Read more @ The Guardian

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