Oil prices turn lower on growth concerns from Europe

Oil prices turn lower on growth concerns from Europe New York (UPI) May 19, 2016 - Crude oil prices, turning lower following comments from the U.S. Federal Reserve Board, dropped further Thursday amid European concerns of subdued growth. Minutes from the April meeting of the Federal Reserve Board found the U.S. economy was improving, largely along labor trends. Inflation, however, was below the Fed's long-term objective of 2 percent and, while consumer sentiment was h ... more

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