Revenue from oil may further dip as crude prices declined to two months low yesterday.The development came as indications emerged that the United States shale producers have adapted to lower prices environment.Specifically, August West Texas Intermediate (WTI) crude lost 24 cents, or 0.5 per cent, to $45.17 a barrel on the New York Mercantile Exchange while the September contract for global benchmark Brent was down by 26 cents, or 0.6 per cent, at $46.50 a barrel on the ICE Futures exchange in London. WTI and Brent crude prices lost more than seven per cent last week.
No comments:
Post a Comment