Oil Is Sinking, Off Over 2%

oil

Photo: Homer Harden / Library Of Congress

Crude prices doubled back on Friday’s blockbuster gains as weak PMI data raised more concerns about a global slowdown.August WTI contracts were down -2 per cent to $83.25 while Brent declined -1.32 per cent to $96.50.

Oil players across the board were mostly flat. Exxon was down -0.75 per cent while Halliburton was up -0.53 per cent at 1:30 pm.

Natural gas prices were faring no better, down -1.33 per cent. Devon and EOG Resources were both down more than -1.70 per cent. 

SEE ALSO – The 11 Factors That Determine Gas Prices 

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