On Wednesday after the International Monetary Fund lowered its global economic growth forecasts for 2018 and 2019, Oil prices went lower yet prices were supported as Hurricane Michael went towards Florida, causing the close down of almost 40% of U.S. Gulf of Mexico crude output. U.S. West Texas Intermediate crude moved downward by 34 cents, or 0.49%, at $74.61 a barrel, after climbing nearly 1% in the early session. Brent crude futures moved down 21 cents at $84.78 a barrel following a 1.3% increase on Tuesday.
Trade war between US and China could kill global economy
Daily Analysis - 10/10/2018