Oil prices turn bearish, but the bulls may yet return

NEW YORK (AFP)

“The market is simple reflecting the fundamentals of supply and demand. Markets participants are considering the world slowdown, the deterioration in expectations for the growth worldwide,” Williams said.

The slowdown in economic growth has a significant impact on energy consumption, analysts say.

[…] But a return to the forefront of problems with energy supplies could once again send prices skyward, analysts warn.

Agence France-Presse