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Oil drops on US distillate build as crude draw shrugged off - Reuters
Reuters | Oil drops on US distillate build as crude draw shrugged off Reuters "Brent crude prices will continue to struggle due to a large global commercial oil stock surplus, which PIRA estimates will total 500 million barrels above normal levels by end-2015," it said. The spread between Brent's prompt and second-months ... US oil closes 35 cents lower, or 0.93%, at $37.16 a barrel This Suggests An Oil Price Recovery Might Be On Its Way Crude Oil Price Jumps on Drawdown of 3.6 Million Barrels |
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