28.04.2016 - Oil tops $45 a barrel for first time since November
Oil climbed above $45 a barrel in New York today for the first time since November after U.S. industry data showed a decline in crude stockpiles. West Texas Intermediate futures rose as much as 2.6 percent, extending a 3.3 percent gain Tuesday. Supplies fell by 1.07 million barrels last week, the industry-funded American Petroleum Institute was said to report. The World Bank boosted its forecast for oil prices this year, projecting that demand will pick up and U.S. output cuts will steepen in the second half of 2016...............................................Full Article: Source
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