WTI Oil Trades Close to Highest in a Week as US Crude Stocks Increase
Oil – Bloomberg reported that West Texas Intermediate traded close to the highest level in a week as US stockpiles increased to 389 million bpd, its highest since July 1990.
Articles Tagged "ICE Futures Europe"
OPEC Cuts Oil Demand Forecast, March Production Drops
Oil – Bloomberg reported that OPEC lowered its forecast for global oil demand growth to 800,000 bpd after a drop in crude production in March.
Oil Prices a Huge Threat to Euro Economy: IEA Chief Economist
Oil – Bloomberg reported that International Energy Agency’s chief economist, Fatih Birol, said the prices of oil are harming Europe, which will need to spend 500 billion euros on oil imports this year, over 200 billion euros more than average.
Oil Climbs to Three-Month High As China Exports Increase
Oil – Bloomberg reported that oil has reached its highest in three months, with prices rising 0.8% as China’s exports accelerated.
