Fri, Oct 24, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil rises towards $38 on surprise crude stocks drop

Posted on 11 February 2009

From Reuters: Oil climbed towards $38 a barrel on Wednesday, paring some of overnight’s 5 percent losses, after the industry group American Petroleum Institute’s weekly inventory data showed crude stockpiles had fallen unexpectedly.

But a downward revision by the U.S. government on its oil demand forecasts and doubts over the effectiveness of the U.S. government’s bank rescue plan capped oil’s gains….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031