The Traderszone Network

Published in TZ Latest News 15 November, 2015 by The TZ Newswire Staff

Oil edges up in high turnover after Paris attacks

Crude oil futures edged up in early trading on Monday following the deadly attacks on Paris, but prices remained near August lows and oil and other commodities are expected to continue under broad pressure in nervous trading. Both crude benchmarks, which lost 8 percent last week, saw high levels of activity in early trading as commodity traders looked nervously for direction following the deadly attacks in Paris on Friday. ANZ bank bank said that oil prices would remain under pressure from fundamentals as production remains high despite slowing global economic growth.