Oil prices retreated as World Bank cuts growth outlook
Oil prices
retreated as World Bank cuts growth outlook
June
11th 2015
Crude oil retreated slightly and
remained steady around $61 per barrel at the beginning of Thursday trading
session, after the World Bank has cut the global economic growth forecast. The
decline of the oil prices come after 2 consecutive days of rally, and the oil
rose during yesterday trading session hitting 1 month high supported by the
sharp decline of the U.S crude oil
inventories.
