Oil prices fall on poor global growth outlook

29-Apr-13
Brent slipped to US$103.1 a barrel after touching a low of $102.25. U.S. crude settled at US$93. Brent crude oil fell on Friday, following a two-day, US$3 rally, as weak economic data from the United States sounded a note of caution on growth prospects, as per Reuters. The Commerce Department reported U.S. gross domestic product expanded at a 2.5% annual rate in the first quarter, slower than the 3% rate expected. The data fed worries about a deceleration in the second quarter and U.S. equity markets fell for most of the session.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

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

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

*

Name Required.

*

Please enter Company Name.

*

Please Select Country.

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

Message Required.

Click to Change image  Refresh Captcha
EPS block moulding, thermocole plant

EPS block moulding, thermocole plant