Browsing: oIL

Crude oil prices continue to trade softly as Middle East pressures eased ahead of the Organisation of Petroleum Exporting Countries and Allies’ meeting. Brent crashed to $71.92 per barrel while the US benchmark West Texas Intermediate decreased by to $68.26 per barrel on Thursday.

The prices of crude oil fell on Tuesday over demand concerns amidst expectation of surplus supply in the global commodities market.  Brent to $72.65 per barrel at the last look, while the US benchmark West Texas Intermediate also decreased to $68.69 per barrel.