Oil futures fell Tuesday, with the U.S. benchmark settling at a 10-week low.Traders fretted over ample inventories of crude and petroleum products and the potential for a slowdown in energy demand on the back of a lower global economic outlook from the International Monetary Fund.
August West Texas Intermediate crude CLQ6, -0.04% fell 59 cents, or 1.3%, to settle at $44.65 a barrel on the New York Mercantile Exchange, after losing 1.6% a day earlier. That’s the lowest close since May 9. The August WTI contract expires at Wednesday’s settlement, which often fuels trading volatility.
September Brent crude LCOU6, +0.06% on London’s ICE Futures exchange fell 30 cents, or 0.6%, to end at $46.66 a barrel.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment