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Friday, 9 September 2016

Business Live: Oil shares slide - BBC News

Business Live: Oil shares slide - BBC News:

"After a 4% jump on Thursday, North Sea Brent crude has fallen back 1.4% today, to trade at $49.27 per barrel.

Even after today's fall, oil prices are still having a strong week, up 5%.

That's taken its toll on oil companies. BP and Royal Dutch Shell shares are down 0.6%. On the FTSE 250 Tullow Oil is down 3%.

Oil prices rose on Thursday after data showed a surprisingly big fall in reserves of US oil."

'via Blog this'