Oil prices plummet to six year lows amid rising inventories in USA

18-Mar-15
Oil on the Nymex for April delivery dipped to US$43.4 a barrel, the lowest settlement since March 11, 2009, while Brent oil slid to US$53.5 a barrel on ICE Futures Europe. Stored supplies of crude oil in the U.S. are at the highest level in about 80 years, according to the U.S. Energy Information Administration, and production continues to grow. Oil prices in USA have plunged to six-year lows on expectations that domestic crude stockpiles have risen to a record high, as per Wall Street Journal. Demand is typically restrained at this time of year as refiners process less crude while performing seasonal maintenance.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Shin Ruey Taiwan PP stationery sheet extrusion machine

Shin Ruey Taiwan PP stationery sheet extrusion machine