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Crude Oil Prices Fall Due to Global Growth Fears By Reuters

SYDNEY (Reuters) – Crude oil prices fell Friday on concerns over the outlook for global economic growth. US. West Texas Intermediate (WTI) () crude oil futures fell 1.1% to $ 56.71 a barrel, down from 0042 GMT. Brent's (Front-Month) () crude oil futures declined 0.1% to $ 63.23 a barrel, down 0.8% on Thursday. "Worries about weaker demand outweighed supply …

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Small crude oil construction lowers the oil level

The price of crude oil continued to fall today after the Energy Information Administration reported a further increase in inventories to 2.2 million barrels for the week ending June 7. The barrel construction of gasoline supplies also led to lower prices. Last week, gasoline inventories rose by 800,000 barrels, according to the EIA, although the driving season was probably gaining …

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Crude Oil Rise on US Iran Spat, OPEC Production Cutbacks Hiss

CRUDE OIL & GOLD TALKING POINTS: Crude oil prices rise as Trump threatens Iran OPEC slows production cuts Fed chairman Powell could weigh on commodity prices Crude oil prices rose at the beginning of the trading week After US President Trump threatened Iran via Twitter and officials in Tehran had warned that if they wished to do so, that would …

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Europe fights for sour crude in the middle of a narrow market

OPEC's production cutbacks and US sanctions against Venezuela and Iran limit the availability of heavy and acidic raw materials to Europe, where heavier grain prices have recently skyrocketed in an increasingly tight-knit market, according to the crude oil traders of S & P Global Platts. US sanctions against Iran have already limited part of Europe's high-grade supply. With the new …

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Crude Oil Prices – Weekly Outlook: Feb 4

© Reuters. Investing.com oil traders will continue to monitor global crude oil supply and energy demand prospects next week. Futures rallied 3% on Friday. This suggests that US sanctions have helped to streamline supply while improving expectations for higher fuel demand. Data showing a weekly decline in US drill numbers also contributed to the success. Drills cut 15 rigs during …

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Salmonella outbreak of ground turkey: Jennie O-Turkey recalls over 164,000 pounds of crude

Jennie-O Turkey Store sales recall 164,210 pounds of raw turkey due to potential salmonella contamination. Friday's announcement came with a continuing outbreak of salmonella in turkey products late last year. The Centers for Disease Control and Prevention announced 52 new cases of salmonella, bringing the total to 216 infected people in 38 states and the District of Columbia. We have …

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Crude oil falls in the midst of supply flooding, the OPEC should decrease

The oil price fell in Friday's troubled trade to its lowest level since the end of 2017, burdened by a looming crude oil surplus and a weakening economic outlook. To counteract the bulging supply, the Organization of the Petroleum Exporting Countries (OPEC) is expected to start after a resource withdrawal meeting scheduled for 6 December. The international benchmark index of …

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