Latest News
-
Saudi Princes Lose Battle To Keep UK Lawsuit Secret
17/05/2013 -
Kuwait Confirms Replacing KPC CEO Over Dow Chemicals Payment
17/05/2013 -
Brent Slips Towards $103/B On Demand Growth Worries, Stronger Dollar
17/05/2013 -
Wave Of Bombings Kills At Least 33 In Iraq
17/05/2013 -
Speaker Says All's Fine After Meeting Kuwaiti Premier
17/05/2013 -
Asad Regime To Refuse 'Dictate' At Peace Meet
17/05/2013 -
UN Nuclear Talks With Iran Fail To End Deadlock
17/05/2013 -
Eurozone Slumps Deeper Into Recession
17/05/2013 -
Nigeria Issues State Of Emergency
17/05/2013 -
Israel Signals More Strikes On Syria
17/05/2013 -
Turkey's Erdogan Meets With Obama
17/05/2013 -
Jordanian Cabinet Agrees To Finance Natural Gas Project
16/05/2013 -
Anti-Mubarak Group Vows To Topple Mursi
16/05/2013 -
Oil Up On Stock Market Rally
16/05/2013 -
Kuwaiti Cabinet Ministers Resign Amid Standoff With MPs
16/05/2013
Oil Falls Sharply On Eurozone Concerns
Published on Thursday, 31 May 12:25 pm
Benchmark oil prices fell by more than 3% on 30 May to their lowest level in seven months as growing concerns about the Eurozone and a global economic slowdown triggered a move by investors into less risky markets. Brent crude fell by $3.21/B on the day to $103.47/B, while WTI crude dropped by $2.94/B to $87.82/B. Analysts expected crude futures to have declined by about 17% during May.

There are no comments yet.