US benchmark West Texas Intermediate (WTI) for April delivery plunged by over a dollar to US$43.5, while Brent crude for May tumbled to US$55.1 amid yet another surge in US stockpiles. Oil spiked up after Federal Reserve signalled it was in no hurry raise rates, but only temporarily, amid fundamentals of an oversupplied market and weaker demand. A weaker US currency makes dollar-priced oil cheaper, fuelling demand and boosting prices.
20-Mar-15 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}