Monday, 5 August 2019

Oil Resumes Drop as Demand Fears Overshadow Iran Tanker Seizure - Bloomberg

Oil Resumes Drop as Demand Fears Overshadow Iran Tanker Seizure - Bloomberg:

West Texas Intermediate oil for September delivery fell 42 cents, or 0.8%, to $55.24 a barrel on the New York Mercantile Exchange as of 10:56 a.m. London time.

Brent for October settlement declined 45 cents, or 0.7%, to $61.44 a barrel on the ICE Futures Europe Exchange. The global benchmark traded at a premium of $6.21 to WTI for the same month.

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