Oil News

Crude Oil falls to $68 on demand concern as recent rally over-shot

Crude Oil falls to $68 on demand concern as recent rally over-shot

Oil fell nearly 4 percent toward $69 a barrel on Friday, paring some of its gains earlier in the week

Oil fell below $69 a barrel on Monday, extending the previous session’s decline of nearly 4 percent, amid lingering concerns that its recent rally may have run ahead of demand fundamentals. Oil fell nearly 4 percent toward $69 a barrel on Friday, paring some of its gains earlier in the week, as U.S. equities struggled for traction, raising concerns about the sustainability of its recent rally and the strength of an economic recovery in the U.S. Crude is trading $68.50 aas of 10:15am, London Time.