OIL PRICES

 

Oil Prices Slide As Eurozone Crisis Worsens, US Stockbuild Continues

Benchmark oil prices declined last week on concerns about the European economy and US data showing that crude inventories continue to increase. The Greek political and financial crisis deepened, reigniting pessimism about the Eurozone economic recovery and a potential weakening of oil demand. On 16 May the European Central Bank said it had stopped providing liquidity to some...