- MarketPulse - https://www.marketpulse.com -

Oil Prices Drop on Demand Concerns

A weak CPI result in the US and continuing concern over Europe’s credit woes, pushed oil prices lower on Friday. U.S. crude for August fell 39 cents to $76.23 a barrel by 12.47 GMT, while London Brent’s new front-month September crude oil futures contract was down 42 cents to $75.67.

Source: Reuters [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd

Latest posts by Scott Boyd (see all [4])