Oil recorded a new low with a focus on "over supply" 11/18/2015
Oil recorded a new low with a focus on "over supply"
11/18/2015 0 Comments
Baghdad-Iraq-Presse November / Nomfber -18: futures contracts for crude oil prices fell Tuesday, more than two percent, to resume landing after a stop for one day as investors focused again on the glut of global supply, ignoring political concerns which lifted the market briefly. Analysts in a Reuters survey, to be US crude stocks rose last week by about two million barrels, up to near-record levels, above the 490 million barrel reached in April. And fell to Brent futures settled 99 cents to $ 43.57 a barrel after touching its lowest level in the session to $ 43.50 a barrel, while US crude contract dropped in the nearest $ 1.07 to settle at maturity of $ 40.67 for Brmel.