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Falling oil prices
6/23/15
Oil prices fell on Tuesday, as a result of concerns about oversupply in the world market.
BAGHDAD / Obelisk: Oil prices fell on Tuesday, as a result of concerns about oversupply in the world market while Mshan showed a contraction of activity in the manufacturing sector in China, Japan and the weaker sentiment in the market.
However, the decline in US crude inventories expectations limited the downward trend of prices.
Brent was down five cents to $ 63.29 a barrel by 0651 GMT, and had ended the trading session, on Monday, up 32 cents.
US crude was down August delivery 14 cents to $ 60.24. Closed July contract, which ended for him on Monday, up seven cents at $ 59.68.
He said Jonathan Barratt senior investment officer at Ayers Alliance in Sydney I think that indices PMI data in China and Japan affect the market. "
It rose preliminary reading of the index HSBC / Market purchasing managers in China to 49.6 points in June from 49.2 points in May / May, but is still below the 50 point level that separates growth from contraction.
And manufacturing activity shrank slightly in Japan in June showed an initial index Market / Jah.am.am.aah reading falling to 49.9 points, after adjustment for seasonal reasons in June from 50.9 in May.
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6/23/15
Oil prices fell on Tuesday, as a result of concerns about oversupply in the world market.
BAGHDAD / Obelisk: Oil prices fell on Tuesday, as a result of concerns about oversupply in the world market while Mshan showed a contraction of activity in the manufacturing sector in China, Japan and the weaker sentiment in the market.
However, the decline in US crude inventories expectations limited the downward trend of prices.
Brent was down five cents to $ 63.29 a barrel by 0651 GMT, and had ended the trading session, on Monday, up 32 cents.
US crude was down August delivery 14 cents to $ 60.24. Closed July contract, which ended for him on Monday, up seven cents at $ 59.68.
He said Jonathan Barratt senior investment officer at Ayers Alliance in Sydney I think that indices PMI data in China and Japan affect the market. "
It rose preliminary reading of the index HSBC / Market purchasing managers in China to 49.6 points in June from 49.2 points in May / May, but is still below the 50 point level that separates growth from contraction.
And manufacturing activity shrank slightly in Japan in June showed an initial index Market / Jah.am.am.aah reading falling to 49.9 points, after adjustment for seasonal reasons in June from 50.9 in May.
[You must be registered and logged in to see this link.]
