Showing posts with label Oil; Prices Dip. Show all posts
Showing posts with label Oil; Prices Dip. Show all posts

Tuesday, July 05, 2016

Oil Prices Dip On Economic Concerns, Demand Worries

Emmanuel Ibe Kachikwu, pictured on June 2, 2016, will step down as group managing director of the Nigerian National Petroleum Corporation but continue as chairman ©Joe Klamar (AFP)
Oil prices fell on Tuesday, with Brent dropping back below U.S.$50 per barrel as economic concerns took centre stage with many analysts saying crude demand will stall later this year.