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Oil prices fell because of weak global economic growth forecast
09.28.2015
Oil prices fell in early Asian trading on Monday, despite the decline in drilling activity for oil in the United States for the fourth week with analysts indicate that the main reason for the drop in crude oil prices, the weakness of the economic outlook.
And landed industrial profits in China during the month of August, 8.8 percent compared with the same month last year as industry profits from January to August fell 1.9 percent.
Said Christine Lagarde, head of the International Monetary Fund in a newspaper interview that it was likely that the Fund adjusts its estimate of global economic growth toward landing because of slowing growth in emerging economies.
In line with the trend towards landing futures contracts for Brent crude prices fell about one percent or 45 cents to $ 48.15 a barrel by 0138 GMT.
And also it landed contracts for futures WTI one percent or 47 cents to $ 45.23 a barrel.
The falling prices despite the continuing decline in drilling activity in the United States.
And US energy companies reduced oil rigs for the fourth week in a row last week, in a sign that the continuation of falling prices push energy companies to reduce drilling plans for oil. It ended 29 quarters e
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09.28.2015
Oil prices fell in early Asian trading on Monday, despite the decline in drilling activity for oil in the United States for the fourth week with analysts indicate that the main reason for the drop in crude oil prices, the weakness of the economic outlook.
And landed industrial profits in China during the month of August, 8.8 percent compared with the same month last year as industry profits from January to August fell 1.9 percent.
Said Christine Lagarde, head of the International Monetary Fund in a newspaper interview that it was likely that the Fund adjusts its estimate of global economic growth toward landing because of slowing growth in emerging economies.
In line with the trend towards landing futures contracts for Brent crude prices fell about one percent or 45 cents to $ 48.15 a barrel by 0138 GMT.
And also it landed contracts for futures WTI one percent or 47 cents to $ 45.23 a barrel.
The falling prices despite the continuing decline in drilling activity in the United States.
And US energy companies reduced oil rigs for the fourth week in a row last week, in a sign that the continuation of falling prices push energy companies to reduce drilling plans for oil. It ended 29 quarters e
[You must be registered and logged in to see this link.]
