Oil prices extend losses as recession fears, inventories mount
Oil prices fell on Thursday to extend sharp overnight losses as U.S. crude inven...
Brent crude LCOc1 was down 39 cents, or 0.7%, at $59.09 a barrel by 0034 GMT, after falling 3% in the last session.
“This latest collapse in prices is likely to put further pressure on Saudi Arabia,” ANZ said in a note. “It has already hinted at cutting production to arrest the falls.”
China reported disappointing data for July, including a surprise drop in industrial output growth to a more than 17-year low, underlining widening economic cracks as the trade war with the U.S. intensifies.
U.S. crude stocks USOILC=ECI grew by 1.6 million barrels last week, compared with analyst expectations for a decrease of 2.8 million barrels, as refineries cut output, the Energy Information Administration (EIA) said in a report.Read more: Reuters Top News
Gas still 4 dollars a gallon in Los Angeles 'So, I guess we'll be driving on cheap gas on the way to the poor house.' Good reason to .
Gibraltar to release Iranian oil tanker on Thursday: Sun newspaperThe British territory of Gibraltar will on Thursday release an Iranian oil tanke... 😂 Hmmm good news at last for the British have come to realize that playing the political sycophancy game for the Americans does not take them any where good other than chaos and mayhem I was wondering where the crew was all this time. Do Iranians play cribbage? How did they pass the time?
Oil prices drop as data shows surprise climb in U.S. inventoriesOil prices fell on Wednesday after industry data showed U.S. crude inventories u...
Stocks, oil tank on growing signs of global slowdownEquity markets tanked and oil prices fell sharply on Wednesday after a closely w... Brace yourselves! The inversion is an ill portent Only because some chart
Continental Resources CEO urges OPEC, shale oil output cutsOPEC and U.S. shale producers should reduce crude shipments into an oversupplied... OPECnews Interesting 👍👍👍SusanneSCHAFFE2 ,RomanWenzl ,Bernd_Schulyok ,FranzSchellhorn
Meet The New Hemp Oil-Infused Nail Polish Creating A Buzz In BeautyNails Inc. and INC.redible have teamed up on a new hemp oil-infused collection of products that will take your self-care Sundays to new highs.
Explainer: U.S. sanctions and Venezuela's trade and oil industry partnersThe United States last week imposed a sweeping freeze on Venezuelan government a... En la guerra comercial usa/china está la financiación de la cia en Hong kong y Venezuela. China es capaz de repetir Tiananmen con Hong kong y comprar toda la producción a Venezuela.