Brent crude falls below $98

Comment on this story
OilRig http://www.sxc.hu/

Brent crude futures fell $1 to $97.85 a barrel on Tuesday as worries about the euro zone debt crisis weighed on expectations for global oil demand growth.

Despite oil falling to a 16-month low on Monday, prices near $100 a barrel are still a threat to a slowing global economy, the International Energy Agency (IEA) executive director Maria van der Hoeven said on Tuesday.

On Tuesday, striking a similarly bearish note for oil markets, Royal Dutch Shell Chief Executive Peter Voser said oil prices were likely to continue to decline well into the second half of the year. - Reuters


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines