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Oil price tops $50 after surprise fall in stocks - The Week UK
The Week UK | Oil price tops $50 after surprise fall in stocks The Week UK Here too, however, there is a note of caution from analysts, who say the wider "spread" between the US and international oil price is encouraging overseas investors to draw down US stocks without increasing overall consumption, says Reuters. Oil settles down $2.05, or 4.4 pct, after smaller-than-expected US drawdown Does This Estimate Suggest We Are Heading For $30 Oil? IEA Sees Record Middle East Oil Supply as U.S. Output Slumps |
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