12.05.2014 - US shale boom stabilises oil price
Oil markets seem to have been relatively untroubled by the fundamentals. The price of Brent crude futures for June delivery have even inched lower from $110 a barrel on April 24 to around $108. Eric lee, an oil analyst with Citigroup, told Bloomberg Businessweek the past three years have been one of the most stable periods for oil in recent memory. Its range of daily price movements for the past year has been the smallest in more than 10 years, according to the US Department of Energy...............................................Full Article: Source
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