Oil Prices Falls And Loses %10 During First 2016 Week
NEW YORK – Oil Falls And Loses %10 During First 2016 Week; Crude oil prices fell Friday for the fifth day in a row and ended the week on a ten percent loss glut constantly influenced by global supply and demand prospects darker.
And it swung Brent and US crude during trading before closing slightly drop after US stocks gave up initial gains.
In the previous session, oil prices tumbled to their lowest levels in 12 years after he shook the sharp decline of the global market shares of Chinese.
The decline in the global price of Brent crude settled 20 cents to $33.55 after it fell earlier in the session to $32.78, and went down on Thursday to 32.16 dollars lowest price since April, 2004.
During the entire week, Brent lost ten percent, compared with a loss of 11 percent in the first week of trading in 2015.
And West Texas crude fell US mediator 11 cents to $33.16 a barrel at the settlement after he came down during the session to $32.64 on Thursday and went down to $32.1 the lowest level since December 2003.