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Crude falls further to $129.70/bbl

Published on Fri, Jul 18 at 08:32 , Updated at Fri, Jul 18 at 11:31
Source : CNBC-TV18

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Crude prices dropped by more than USD 5, adding to a decline of more than 10% from last week's record. This was mainly on account of worries over US demand and easing political tensions between Iran and the West over its nuclear program. Crude's slide marks the biggest 3-day loss in the market in percentage terms since December 2004.

 

In after hours access trading, crude is at USD 129.70 per barrel.

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