The Traderszone Network

Published in TZ Latest News 20 January, 2016 by The TZ Newswire Staff

U.S. crude oil prices stabilize but market sentiment remains bearish

U.S. crude oil prices stabilized in early Asian trade on Thursday after hitting fresh 2003 lows the session before, but analysts said a persistent global glut would keep pressuring markets. U.S. oil futures crashed below $27 dollars a barrel on Wednesday for the first time since 2003, caught in a broad slump across world financial markets as traders worried that a huge oversupply in oil was coinciding with an economic slowdown, especially in China.

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