Crude Oil Declines on Greece Worries
Crude oil futures ended lower on Monday as investors were uncertain over the Greece’s debt situation. In reaction to uncertainty over the Greece’s second bailout package the greenback strengthened further putting pressure on the commodities.
Crude oil futures for March delivery fell 1 percent or $0.93 to $96.91 per barrel on the New York Mercantile Exchange on Monday. On the other hand London’s Brent crude oil for March delivery gained 1.2 percent or $1.35 to settle at $115.93 per barrel on the ICE Futures Exchange. Investors took more positions in the Brent as cautious approach.
However other commodities moved in opposite direction of the crude oil and the gasoline futures for March delivery gained 0.5 percent or $0.01 to settle at $2.93 per gallon. Heating oil futures for the same month delivery jumped 1.8 percent or $0.06 to $3.17 per gallon.
Natural gas for the March delivery surged 2 percent or $0.05 to $2.55 per million British thermal units on NYMEX.
Twitter •
Most Popular Content
- Gold Flying and Making New All Time Highs
- Gold Prices Slip Ahead of Anticipated Economic Data
- Oil Prices Surge From Lows Amid Mixed Global Signals
- U.S. Stock Indices: A Dance Between Optimism and Fear
- Gold Prices Dance with CPI Data and the Fed
- Oil Prices Surge Amid Record Demand and Supply Tightening
- Gold Steady As US Dollar Index Tries to Make Gains
- Some Respite for Crude Oil within Bear Trend
Currency Articles - May 22, 2019 15:21 - 0 Comments
The Pound is in Freefall – When Will It Stop?
More In Currency Articles
- GBP Gets Ready for an Unpredictable Day with Meaningful Vote 2
- British Pound Stays Strong Whilst The Dollar Remains Weak
Gold and Oil News - Mar 30, 2024 10:37 - 0 Comments
Gold Flying and Making New All Time Highs
More In Gold and Oil News
- Gold Prices Slip Ahead of Anticipated Economic Data
- Oil Prices Surge From Lows Amid Mixed Global Signals