Oil Prices Continue To Fall Despite Central Bank Action ...Middle East

OILPRICE - Economy
Oil Prices Continue To Fall Despite Central Bank Action
source : OILPRICE ( Middle East ) () 36
Crude oil prices began yet another week with a loss despite strong signals that central banks are stepping in to help troubled lenders in the U.S. and Europe. In Asian morning trade, Brent crude was trading at $72.27 per barrel, while West Texas Intermediate was changing hands for $66.06 per barrel, both down by more than a percentage point from Friday’s close. The weak start of the new trading week comes after the worst week for oil since the start of the year, with prices sinking to the lowest in 15 months following the news of the demise…

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