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Commodities Briefing - Categorized | Oil, Price Watch more

Here Are Three Factors That Could Drag Down Oil Prices Even More

Posted on 16 July 2014

In the past three weeks the price of West Texas Intermediate crude oil has lost 6% of its value; a barrel is currently priced at around $100. The recent plunge in oil prices has also dragged down the shares of big oil producers such as BP and Chevron.
BP’s stock is at $51.84, down 1.7% since the beginning of the month. Shares of Chevron are at $129.35, down 0.9% during July. But will crude oil prices continue to decline in the coming weeks? Following are are three factors that could keep pressure on oil pressures………………………………………..Full Article: Source


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VRS - who has written 36970 posts on Opalesque Commodities Briefing.


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