MCX Crude Slips, IEA Worried About Excess Global Supplies
Crude oil prices slipped yet again, continuing to witness selling pressure at six-week highs.
Crude oil prices slipped yet again, continuing to witness selling
pressure at six-week highs. The International Energy Agency (IEA) said that world oil market is undergoing a positive supply shock,as roduction in North America continues to grow at a record pace, with non-OPEC supply alone expected to meet most of the world’s rising energy demand. The WTI Crude oil futures are trading at $95, down 17 cents per barrel on the day.MCX Crude Slips, IEA Worried About Excess Global Supplies.Crude oil prices slipped yet again, continuing to witness selling
pressure at six-week highs.
pressure at six-week highs. The International Energy Agency (IEA) said that world oil market is undergoing a positive supply shock,as roduction in North America continues to grow at a record pace, with non-OPEC supply alone expected to meet most of the world’s rising energy demand. The WTI Crude oil futures are trading at $95, down 17 cents per barrel on the day.MCX Crude Slips, IEA Worried About Excess Global Supplies.Crude oil prices slipped yet again, continuing to witness selling
pressure at six-week highs.
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