PY: Crude prices decline on negative demand outlook
Crude oil prices fell on Tuesday as traders indulged in profit taking a day after a rise in prices. Supporting the price tumble was a negative demand projection for crude oil by the US based Energy Information Administration.
While in conversation with an energy trader, a polymerupdate team member was informed, "crude oil prices turned bearish as worries mounted that an anticipated production cut slated to be announced by oil cartel OPEC...
