Tuesday, May 3, 2016

Oil market falls sharply

Posted By: aftab hussain - 9:43 PM


& Comment

LONDON: World oil prices sank by about one dollar on Tuesday, as supply glut woes grew on the back of rising output from Iran and Iraq.
“This may be a dreaded month for the equity market investors ... but crude oil is having an equally frightening start too,” said City Index analyst Fawad Razaqzada.

“Oil prices have also been absorbing a lot of negative news lately — and completely ignoring the fact the markets remain oversupplied with US crude oil inventories being at record-high levels.

About aftab hussain

Techism is an online Publication that complies Bizarre, Odd, Strange, Out of box facts about the stuff going around in the world which you may find hard to believe and understand. The Main Purpose of this site is to bring reality with a taste of entertainment


  1. eToro is the ultimate forex broker for rookie and advanced traders.


    Get professional trading signals sent to your cell phone daily.

    Follow our signals right now and make up to 270% daily.


Copyright © 2013 current affairs™ is a registered trademark.

Designed by Templateism. Built with Blogger Templates.