barrel prices

Oil prices sank about 5 percent on Tuesday to hit their lowest level in nearly nine months amid concerns about a gap between weak demand and supply that could rise, signs of a deal to resolve the conflict that has hit output in Libya and data showing demand is being dampened by slow economic growth … Read more

New York. Oil prices fell about 2 percent on Tuesday amid concerns that slower economic growth in the United States and China could reduce demand for energy, especially after prices climbed more than 7 percent over the previous three days. The European benchmark Brent crude oil fell $1.88 (2.31 percent) to $79.55 a barrel, while … Read more