The Traderszone Network

Published in TZ Latest News 10 January, 2016 by The TZ Newswire Staff

U.S. crude oil prices drop over 2 percent as market loses faith in rebound

U.S. crude oil prices were down more than 2 percent in early trading on Monday as traders increasingly lose faith in a significant market recovery soon and bet on even lower prices. U.S. crude West Texas Intermediate (WTI) (CLc1) dropped more than 2 percent in early Monday trading to a low of 32.43 per barrel before edging back to $32.51 by 0038 GMT (07:38 p.m. EST), still down 65 cents.

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