Brent crude oil prices fell to levels last seen in 2004 on Monday, dropping below the lows hit during the 2008 financial crisis on renewed worries over a global oil glut, with production around the world remaining at or near record highs and new supplies looming from Iran and the United States.
Brent futures fell almost 2 percent and as low as $36.17 per barrel trading around 0500 GMT, the weakest since 2004 and below the $36.20 low reached on Christmas eve 2008.
U.S. West Texas Intermediate (WTI) futures were down 33 cents at $34.40 per barrel and close to last Friday's 2015 lows.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 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
Brent futures fell almost 2 percent and as low as $36.17 per barrel trading around 0500 GMT, the weakest since 2004 and below the $36.20 low reached on Christmas eve 2008.
U.S. West Texas Intermediate (WTI) futures were down 33 cents at $34.40 per barrel and close to last Friday's 2015 lows.
No comments:
Post a Comment