bfed7f045dc488660dedda6de6d1f679c2483705

Oil prices fall on easing geopolitical fears

US benchmark West Texas Intermediate (WTI) for delivery in September dropped $1.01 to $96.34 a barrelOil prices slid lower Monday on easing concerns about conflicts in Ukraine and Iraq and increased output by Libya. US benchmark West Texas Intermediate for delivery in September finished trade at $96.41 a barrel, shedding 94 cents from Friday’s closing level. The key European futures contract, Brent North Sea crude for October, sank by $1.93 to settle at $101.60 a barrel, its lowest level since June 2013. “The crude complex starts this week by being clobbered lower as Libya production has increased to 540,00 bpd (barrels per day) and Kurds have recaptured control of most of the Mosul dam in Iraq,” said Matt Smith of Schneider Electric.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article