Advertise On EU-Digest

Anual Advertising Rates

6/11/15

US Oil Supplies: Oil returns to above $66 as US stocks fall and supply growth flattens

 It may be time to say goodbye to cheap oil with a barrel going back over 66 dollars on Wednesday after news US stocks had a sharp weekly fall, and production growth figures there were levelling off.

The fall in stocks was much bigger than forecast, four times more in fact, and in Washington the announcement it believed domestic oil production would fall more strongly and for longer than expected also weighed heavily on the market.

Read more: Oil returns to above $66 as US stocks fall and supply growth flattens | euronews, economy

No comments: