Wednesday, October 8, 2014

Oil prices the lowest in over two years – Swedish Dagbladet

Oil prices the lowest in over two years – Swedish Dagbladet

The IMF said on Tuesday revised down its forecast for global growth for the third time this year and warned of weaker growth in including the euro zone, Japan and major emerging markets such as Brazil.

– about growth, combined with the abundance of supply worries traders. The market is caught in a vortex of high supply and low demand, said Ben Le Brun, market analyst at OptionsXpress in Sydney, told Reuters.

At 07 o’clock on Wednesday morning had Brent oil price has fallen to around 90:90 dollars per barrel. Oil prices have fallen significantly since June, when it stood at 115: $ 70 per barrel, which was the highest level in nine months.

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