View full page at energyexch.com

 

Oil prices fall, with U.S. benchmark below $60 and down a record 11 sessions in a row

From marketwatch.com

Oil prices declined on Monday, giving up earlier gains to push the U.S. benchmark below $60 a barrel for the first time since February, down a record 11 sessions in a row, after President Donald Trump said he hopes OPEC doesn’t cut crude production. The move lower marks a reversal from earlier gains in prices, which had found support after the Organization of the Petroleum Exporting Countries and its allies signaled a tepid willingness to again cut production amid hefty global supply. “The combination of the weak stock market and the Donald Trump tweet had oil give up its gains,” said Phil Flynn, senior market ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis