The Traderszone Network

Published in TZ Latest News 28 September, 2015 by The TZ Newswire Staff

Oil prices remain weak on Asia economy woes; shares in commodity firms tumble

Oil prices remained low in early Asian trading on Tuesday following a slide of almost 3 percent the previous session, dragged down as concerns over Asia’s economic health mounted and as production remained high. U.S. West Texas Intermediate (WTI) futures (CLc1) were at $44.44 a barrel, virtually unchanged from their last settlement. Oil prices, along with most other commodities, have fallen sharply recently, with crude futures losing almost 60 percent of their value since June 2014.