Category: Oil Prices
Latest Update: Oil Price Drop May Not Last
Oil prices, which fell 8.6% on Thursday, on the back of jobless claims and a strengthening dollar, rallied on Friday before plummeting below $100 per barrel, to settle at $97.18 a barrel. An end of June resumption of operations by refineries that have been closed for maintenance could offset lower output expectations from conflict-hit Libya. [...]
