Oil And Lubes: "Oil prices came under pressure again due to lingering worries over a slowdown in the global economy and further hikes of interest rates in the United States and Europe," said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting.
Oil prices fell on
Wednesday, reversing some gains made after Saudi Arabia and
Russia announced they would extend and deepen output cuts into
August, as concerns over a global economic slowdown.
Oil prices ease as worries over global economic slowdown weigh | Business ammonnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ammonnews.net Daily Mail and Mail on Sunday newspapers.
Oil And Lubes: "Oil prices came under pressure again due to lingering worries over a slowdown in the global economy and further hikes of interest rates in the United States and Europe," said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting.