Rising oil inventories deck oil prices

13-May-10
US crude for delivery in June settled at US$75.7 on data showing a rise in oil inventories in USA that overshadowed the market cheer triggered by an austerity plan unveiled by Spain. US Energy Information Administration report showed that oil inventories rose to a record 37 million barrels in the week to May 7 -more than expected. Oil prices earlier found support after Spain revealed an austerity plan that further eased jitters over euro-zone debt woes, boosting investor risk appetite.
  More News  Post Your Comment

Previous News

Next News

{{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