The Traderszone Network

Published in TZ Latest News 19 May, 2015 by The TZ Newswire Staff

Oil prices drop as weak fundamentals weigh on market

Crude oil prices fell on Tuesday as slow economic growth and high supplies meant that markets remain oversupplied, although U.S. prices received some support from rising demand ahead of the summer driving season. Goldman Sachs said Brent crude prices were due for a downward correction after a recent rally that saw prices of the North Sea benchmark jump 50 percent since its mid-January lows.

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