U.S. Crude Prices Fall as Another Storm Approaches

Investors focused on possible impact of Tropical Storm Nate

Crude Oil: 50.75 barrel, Natural gas: 2.895/MMBtu, Gold: $1270.60 per troy oz


News:

Oil prices were lower Friday as investors braced for Tropical Storm Nate, anticipating the storm would cause refiners on U.S. Gulf Coast to slow down.

U.S. crude futures fell $1.28, or 2.52%, to $49.51 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell $1.09, or 1.91%, to $55.91 a barrel on ICE Futures Europe. To Read More.

Resource: WSJ


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