Crude oil prices rebound as market tensions ease PDF Print E-mail

Concerns about a broader slowdown in the global economy may have been overblown, a market analyst in Chicago said Friday.

Crude oil prices staging a comeback in early Friday trading as investors breath a sigh of relief after Turkish and other economic concerns fade. File Photo by John Angelillo/UPI | License Photo

Aug. 17 (UPI) -- Fading global trade and geopolitical concerns brought the price of crude oil back into positive territory on Friday, but look to finish the week lower.

Brent crude oil prices lost more than 2 percent on Wednesday after the U.S. government reported a build in domestic crude oil inventories. Broader economic concerns were triggered earlier in the week when U.S. President Donald Trump turned his trade ire on NATO ally Turkey.

 
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