Economic Fears Put Oil Prices Under Pressure

While oil prices rebounded slightly on Friday morning, they remain on course for a weekly decline. Worrying economic data in the U.S. and the expectation of another interest rate hike have added significant downward pressure to oil markets this week. While promising signs of oil demand in China and a report of inventories declining gave oil prices some support, bearish sentiment appears to be driving the market.Oilprice Alert: Whether you are new to the oil and gas industry or an energy market veteran, you will regret not signing up for Global…