The Traderszone Network

Published in TZ Latest News 6 July, 2015 by The TZ Newswire Staff

Oil prices stabilise after massive selloff, but outlook remains weak

Brent crude (LCOc1) was up 45 cents at $56.99 a barrel, following a more than 6 percent drop in the previous session. Despite the slight increases, most analysts were bearish in their price outlook. “Macroeconomic headwinds are rising — be it in the form of the collapse in the Chinese stock market, Greece’s potential exit from the eurozone or a stronger dollar.