oil fundamentals

Oil: dipping below USD 60 as fears become fact

Oil Prices: Dipping Below 60 $ As Fears Become Fact

The Corner | For the second time this month, oil prices dropped below 60 $ per barrel. Growth concerns and a bearish market mood drove the latest sell-off, but fundamentals are now adding to the price pressure. US oil inventories swelled unexpectedly and led to a drop in oil prices.