Oil prices fall amid currency and share market turmoil, crude supply surge(Update 2)

TheStar Thu, Jan 03, 2019 06:42am - 5 years View Original


U.S. West Texas Intermediate (WTI) crude oil futures were at $45.93 per barrel at 0152 GMT, down 61 cents, or 1.3 percent, from their last settlement. International Brent crude futures were down 36 cents, or 0.7 percent, at $54.55 per barrel. Markets were roiled by a more than 3 percent crash of the U.S.-dollar against Japan's yen overnight, and after U.S. tech giant Apple cut its sales forecast.

U.S. West Texas Intermediate (WTI) crude oil futures were at $45.93 per barrel at 0152 GMT, down 61 cents, or 1.3 percent, from their last settlement. International Brent crude futures were down 36 cents, or 0.7 percent, at $54.55 per barrel. Markets were roiled by a more than 3 percent crash of the U.S.-dollar against Japan's yen overnight, and after U.S. tech giant Apple cut its sales forecast.

SINGAPORE: Oil prices fell on Thursday amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019 just as crude supply is rising globally.

U.S. West Texas Intermediate (WTI) crude oil futures were at $45.93 per barrel at 0152 GMT, down 61 cents, or 1.3 percent, from their last settlement.

   

Oil prices drop amid currency and stock market turmoil(Update)

SINGAPORE: Oil prices fell by more than one percent on Thursday amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

EURO 0.055

Comments

Login to comment.