Photo Credit: Arabianeye-Reuters
Cairo-Mubasher: Oil prices declined on Monday, hurt by worries about oversupply, weak demand and global economic slowdown.
Iran’s return to the global oil market raised investor worries about oversupply.
At 11:15 GMT, crude oil dropped 1.2%, while U.S. West Texas Intermediate (WTI) crude futures fell 2.5% to $40.4 a barrel.
Source:
Mubasher
