The stability of oil prices with the continued oversupply in the market 3/14/2016
The stability of oil prices with the continued oversupply in the market
3/14/2016 0 Comments
Baghdad / follow Baghdadi News / .. oil prices stabilized in early trading on Monday, with the impact of global oversupply and slowing economic growth on the market, but the possibility of falling output provided some support.
Contracts for US crude prices hit 38.41 dollars a barrel at 0239 GMT, down ten cents on the level of the previous settlement.
But contracts for Brent crude prices rose six cents to $ 40.45 a barrel.
And despite the announcement of Morgan Stanley that it was likely that oil prices have exceeded the worst has warned that a slowing economy and increased production may prevent significant increases in Alosar.