Oil market slides on fading Iraq supply fears

Oil market slides on fading Iraq supply fears
LONDON – World oil prices fell on Monday, reversing earlier gains as supply fears faded over the fast-moving crisis in key crude producer Iraq, analysts said. Brent crude for delivery in August slid 80 cents to $ 114.01 per barrel in London late …
Read more on Middle East Eye

Oil Drops as U.S. Stocks Halt Six-Day Rally; Copper Gains
Oil slumped the most in more than a month as Iraq's army recaptured territory from militants. U.S. stocks ended a six-day rally and European equities fell as data showed weakness in euro-area manufacturing and services. Brent crude slipped 0.6 percent …
Read more on Bloomberg

Oil trains could mean danger in NW
King County is joining the growing ranks of states, counties and local governments trying to figure out what to what to do if an oil train derails. The trains, towing more than 100 tanker cars carrying highly volatile crude oil from fields in North …
Read more on KIRO Seattle

Oil rises on Iraq conflict, upbeat China data
HONG KONG — The price of oil rose Monday, with global crude hovering near a nine-month high, after Islamic militants captured more territory in Iraq and a report on Chinese manufacturing indicated that the No. 2 economy is on the mend. In a blitz …
Read more on Washington Post

Not Ready to Buy or Sell Your Equipment?

Join our international network of oilfield buyers & sellers! 
We respect your privacy as well as your time and that's why we only send our newsletter no more than TWICE A MONTH.
Two emails per month (maximum). No ads. No affiliate links.