Sunday, 19 August 2018

Weekly Energy Recap: Too early to gauge trade tension fallout on oil markets

Weekly Energy Recap: Too early to gauge trade tension fallout on oil markets:

Brent crude finished the week at $71.83 per barrel while WTI dropped to $65.91 as the Brent/WTI spread widened to $5.92 per barrel.

Oil prices fell as a result of market sentiment impacted by hypothetical fears over lower global economic growth.

Brent crude price fell below $72 for the first time since mid-April 2018.

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