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[rtl]Release date: 2017/10/3 23:23 • 109 times read[/rtl]
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{International: Al Furat News} Oil prices fell as speculators took profit-taking sales for a second day after strong gains in the third quarter and concerns that rising prices could spur an increase in US shale oil production.
Global Brent crude futures fell to a near 12 cents, or 0.2 percent, to settle at $ 56 a barrel after falling nearly 2.5 percent on Monday.
US light crude futures fell 16 cents, or 0.3 percent, to close at $ 50.42 a barrel.
Brent gained about 20 percent in the third quarter, the biggest rise for the three months since 2004, and traded at a high of $ 59.49 last week, but has since fallen about 6 percent.
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[rtl]http://alforatnews.com/modules/news/article.php?storyid=151339[/rtl]
Oil is down on profit-taking sales and fears of increased US production
[/rtl][rtl]Release date: 2017/10/3 23:23 • 109 times read[/rtl]
{International: Al Furat News} Oil prices fell as speculators took profit-taking sales for a second day after strong gains in the third quarter and concerns that rising prices could spur an increase in US shale oil production.
Global Brent crude futures fell to a near 12 cents, or 0.2 percent, to settle at $ 56 a barrel after falling nearly 2.5 percent on Monday.
US light crude futures fell 16 cents, or 0.3 percent, to close at $ 50.42 a barrel.
Brent gained about 20 percent in the third quarter, the biggest rise for the three months since 2004, and traded at a high of $ 59.49 last week, but has since fallen about 6 percent.
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[rtl]http://alforatnews.com/modules/news/article.php?storyid=151339[/rtl]
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