Capital Trust
Capital Trust

Oct 27, 2016

06:33 PM EDT

  • New York close
  • London close
  • Tokyo close
  • Sydney open
Market Analysis

Home » Charts » 05/07/15: US Crude Drifts Below $60/Barrel

05/07/15: US Crude Drifts Below $60/Barrel

Posted by FXTimes in Charts - May 7th, 2015 8:04 pm GMT

US oil prices eased off five-month highs on Thursday, falling below $60 a barrel amid concerns about growing Iranian oil supplies should sanctions on Tehran be lifted next month.

West Texas Intermediate (WTI) for June delivery fell 3.3 percent or $2.09 to $58.84 a barrel Thursday afternoon. The US benchmark had climbed above $62.50 a barrel earlier in the week, its highest level since December.

WTI is still poised for its ninth consecutive weekly gain.


Screenshot (315)


Meanwhile, Brent crude eased off 2015 highs, falling 3.3 percent or $2.26 to $65.61 a barrel.

Share!Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+

No comments yet.

You must be logged in to post a comment.

Forex, Commodities, Indices

Daily Updates

Daily Updates

Get the latest fundamental analyses, technical analyses and the most up-to-date Forex news catered to your interests, everyday.