News Snapshot:
Crude oil price, news and analysis: - The [price of crude oil] is generally sensitive to rising tensions in the Middle East and might have been expected to have strengthened on the current hostilities in the region. - The fact that it hasn’t suggests further losses as traders concentrate on rising crude stockpiles and a possible drop in demand from China. US crude set to fall further Crude oil prices generally rise when tensions increase in the Middle East and the fact that they haven’t suggests more losses to come even though the price of US crude (WTI) has dropped...
