Rally in oil prices loses steam after revision to U.S. GDP

Young journalists club

News ID: 25154
Publish Date: 10:40 - 29 June 2018
TEHRAN, June 29 -Crude oil prices lost some ground in early Thursday trading after weaker-than-expected U.S. economic data offset looming supply-side pressures.

Rally in oil prices loses steam after revision to U.S. GDPTEHRAN, Young Journalists Club (YJC) -Crude oil prices lost some ground in early Thursday trading after weaker-than-expected U.S. economic data offset looming supply-side pressures.

Crude oil prices have spiked sharply this week amid concerns about chronic production challenges in Venezuela, national security issues in the Libyan oil belt and future challenges for Iranian oil exports.

oil prices lost some ground in early Thursday trading after weaker-than-expected U.S. economic data offset looming supply-side pressures.

Crude oil prices have spiked sharply this week amid concerns about chronic production challenges in Venezuela, national security issues in the Libyan oil belt and future challenges for Iranian oil exports.

Source:UPI

Tags
crude ، oil ، trading
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