Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Oil prices fell close to $40 per barrel Thursday, striking a new 6.5-year low on supply glut woes, before turning mixed.U.S. benchmark West Texas Intermediate for September delivery struck $40.21 per barrel, the lowest level since March 2009 . Brent North Sea crude for October delivery, meanwhile, hit $46.31 a barrel, a point last seen in mid-January and not far off a six-year nadir. The U.S. Energy Department Wednesday said oil stockpiles rose 2.6 million barrels in the week ending Aug. 14, and reported a 300,000 barrel rise at the closely watched Cushing, Oklahoma, trading hub.
FOLLOW THIS ARTICLE