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.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks

Business Directory