Oil prices drop by one dollar amid speculative selling

After peaking to US$77 a barrel earlier in the day, oil prices dropped by almost one dollar per barrel, amid speculative selling. Light, sweet crude for September delivery fell to US$74.95 a barrel on the New York Mercantile Exchange. September Brent crude settled at US$75.18 a barrel Thursday on the ICE Futures exchange in London. The oil market's afternoon reversal couldn't be tied to any of the usual fundamental price movement theories.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha