Friday 9 January 2015

OIL PRICES STAY ABOVE $51 A BARREL

OIL PRICES STAY ABOVE $51 A BARRELOil held above $51 a barrel on Thursday, supported by a surprise drop in U.S. inventories, as bulls and bears searched for a floor to the market’s second-biggest rout.

Crude halted a four-session decline on Wednesday after U.S. crude stockpiles fell and as data showed that the U.S. economy remained resilient amid slowing global growth.

Red more @ The Guardian

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