Subscribe free to our newsletters via your
. GPS News .




OIL AND GAS
Oil prices fall along with Greek optimism
by Daniel J. Graeber
New York (UPI) Jun 26, 2015


disclaimer: image is for illustration purposes only

Anticipation over the pending expiration of a Greek bailout package sent crude oil prices again into negative territory in early Friday trading.

Brent crude oil prices were down about six-tenths of a percent early Friday to $62.82 per barrel, 3.5 percent below the start of the month. West Texas Intermediate, the U.S. benchmark, lost eight-tenths of a percent to $59.20 per barrel, down 1.3 percent from June 1.

Crude oil prices are up about 25 percent since the start of the year, eating away at the dramatic plummet that began in June 2014 when oil prices were above $100 per barrel. The modest recovery is in response to signs of increased demand in an expanding global economy, though the pace of economic growth has been slow.

Greece, whose economic cloud hung over the global financial crisis, could default on its debt unless negotiators can reach an agreement before the end of the month. Deal makers meet again Saturday, though Mujtaba Rahman, a director at risk consultant Eurasia Group, told The New York Times any agreement could be "economically suboptimal."

The Bank of Greece earlier this month warned that a manageable debt crises could "snowball into an uncontrollable crisis" without some form of agreement.

In the United States, growth has been slow, but steady. Consumer spending is up and employment rates are at levels considered healthy.

The International Monetary Fund said the U.S. economy was showing forward momentum, but warned of "dark corners" where small-scale crises could have large-scale effects.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Shell brass in Tehran to discuss sanctions
London (UPI) Jun 25, 2015
Officials with Royal Dutch Shell met recently in Tehran to discuss the work potential should sanctions pressure ease, the company confirmed. Negotiators are working toward a June 30 deadline to formalize a framework agreement that gives Iran relief from sanctions in exchange for commitments to pull back from the brink of advancing with the technology needed to manufacture a nuclear weap ... read more


OIL AND GAS
Probe after GM jellyfish-lamb sold as meat in France

Trans fat ban tests food companies, bakers

Palm oil price change could save tigers, other species

Microbe mobilizes 'iron shield' to block arsenic uptake in rice

OIL AND GAS
Stanford engineers find a simple yet clever way to boost chip speeds

Designer electronics out of the printer

KAIST team develops the first flexible phase-change random access memory

New boron compounds for organic light-emitting diodes

OIL AND GAS
China to merge 3 cargo airlines to create Asia leader: Xinhua

Canadian military receives first two CH-148 helos

AgustaWestland subsidiary suing Polish Ministry of Defense

Spirit AeroSystems delivers fuselage for CH-53K demonstrator

OIL AND GAS
'Back to the Future' hoverboard comes to life

Ford to support car-sharing with program for buyers

Google self-driving prototype cars hit public roads

Germany, world champion in car-sharing

OIL AND GAS
US, China bridge some economic differences in Washington talks

Australia latest US ally to join China-backed infrastructure bank

Striking French sailors block Calais port, Channel Tunnel

China gives new twist to world's second tallest building

OIL AND GAS
A contentious quest for Kevazingo, Gabon's sacred tree

Changing climate prompts boreal forest shift

Predicting tree mortality

When trees aren't 'green'

OIL AND GAS
International Spacecraft Carrying NASA's Aquarius Instrument Ends Operations

Satellites enable coral reef science leap from Darwin to online

Nothing escapes The Global Ear

NASA 'Eyes' Study Louisiana's Changing Wetlands

OIL AND GAS
A new way to image surfaces on the nanoscale

Ultrafast heat conduction can manipulate nanoscale magnets

MIPT physicists develop ultrasensitive nanomechanical biosensor

Moving sector walls on the nano scale




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.