Emerging concerns on crude oil price dents economic recovery
The economy continues to face severe dollar shortages due to lower oil receipts which continues to pressure the nation’s FX ...
The economy continues to face severe dollar shortages due to lower oil receipts which continues to pressure the nation’s FX ...
CAVERTON led 20 Gainers as against 6 Losers topped by ABCTRANS at the end of today's session
U.S. West Texas Intermediate felly by 1.57%, to trade at 39.53/barrel, after gaining 4.9% yesterday.
Crude oil prices are expected to recover slowly once economic activities rebound globally.
Both oil benchmarks dropped below the $40.
Brent crude was down by 0.17%, to $41.94 a barrel, after falling 1.5% on Monday.
Saudi's made the biggest price cuts on its crude grades since May as demand recovery for fuel hopes faded.
Crude oil prices continue to climb up amid signs of gradual demand improvement.
Gulf Coast energy infrastructures were mostly spared the brunt of the damage
Brent crude futures dropped about, or 0.75%, to trade at $45.12 a barrel by 05.37 am GMT.
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