Posted inBusinesscrude oilEconomyEnergyFinancial Marketsoil prices

Negativity Reigns Supreme As Oil Prices Sink

Oil prices sank to a three-month low on Thursday despite strong U.S. federal data that would have usually been expected to send prices higher. Analysts told Zenger that was because the prevailing sentiment in markets has become negative. Data from the U.S. Energy Information Administration showed a drop in commercial inventory levels of crude oil, […]