2 minutes agoOil Magnified
Periskopi(7 years ago)
(7 years ago)Oil prices today marked raises despite concerns of a slowdown in the global economy and continuing trade struggle between the US and China that has reduced the demand for raw materials such as the black “ari”. The crude North Oil was expensive for 22 cents at $58,75 per barrel, while light oil [...]
The crude North Oil was expensive for $22.75 per barrel, while American light oil (WTI) rose by 60 cents to $55.10 per barrel.
What we've recently observed is a different perception of danger in various geographic areas. Often, price reactions when traded in Asia or London follow reactions when they do business in the US “, Emily Ashford from Standard Charter said.
The third quarter is usually the best in demand for oil as car drivers leave business during summer holidays, but a trade dispute between the US and China has weakened demand and pressured oil prices.
