Oil Prices Wobble as Traders Fear Hit From Qatar Feud, U.S. Shale

Major equity markets weigh on commodities prices

Crude Oil: $47.40 barrel, Natural gas: $2.982/MMBtu, Gold:$ 1279.30 per troy oz


Oil prices swung between gains and losses Tuesday, amid a wider financial market decline and investor concerns about increasing oil production in the U.S.

Most recently, the August contract for Brent crude, the global oil benchmark, fell 0.24% to $49.35 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas…Read more

Resource: WSJ

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