World News
Crude Prices Fall Back
Tuesday October 11, 2016
A day that did not produce a fresh sense of optimism for an OPEC deal forced prices to settle lower.
The market seemed poised for a correction after jumping almost 3% yesterday on pure sentiment.
However, some have voiced concerns that if prices continue to climb so will go production.
The dollar also reached a level not seen in nearly 3 months putting further pressure on prices.
Bunker prices were soft in the primary ports.