Oil prices are shedding some of strong gains| glObserver Global Economics


Oil prices fell Friday next spiking the previous day as Saudi Arabian jets struck rebel targets in Yemen, sparking supply fears in the crude-rich Middle East. Brent North Sea crude for delivery in May sank 63 cents to $58.56 a barrel in London midday deals. US benchmark West Texas Intermediate (WTI) for May slid 81 cents to $50.62 a barrel.

Source: globserver.cn

Brent North Sea crude for delivery in May sank 63 cents to $58.56 a barrel in London midday deals. US benchmark West Texas Intermediate (WTI) for May slid 81 cents to $50.62 a barrel.

"Oil prices … are shedding some of the strong gains they had completed over the two previous days," said Commerzbank analyst Carsten Fritsch.

See on Scoop.itglobserver africa

Author: globserver

Director of Eyecom china

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s