On the New York Mercantile Exchange, light, sweet crude for delivery in February CLG5, -2.91% traded at $44.96 a barrel, down $0.71 in the Globex electronic session. Brent crude LCOG5, -2.78% for February delivery on London’s ICE Futures exchange fell $1.51, or 3.1%, to $45.92 a barrel.
Oil prices had lost around 5% on Monday alone, extending the selloff that has gripped oil markets since mid-2014, as sell-side analysts slashed price forecasts and warned of a prolonged glut in global oil markets that will extend well into 2015.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment