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Crude oil prices down Daily News Egypt

Oil prices sink amid demand fears

Oil prices plunged as West Texas Intermediate for September delivery fell $1.35 to$39.92 a barrel, while Brent crude lost 81 cents to $42.94 a barrel

Xinhua

Iraq: A tale of two shocks

By Masood Ahmed Iraq is facing a “double shock” from the self-proclaimed Islamic State of Iraq and Syria (ISIS) insurgency and the global plunge in oil prices. While the new government led by Prime Minister Haidar Al- Abadi was formed with the express objective of dealing with the insurgency and addressing the humanitarian disaster it …

Daily News Egypt