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Oil rises 6 percent but set for biggest January fall in 25 years - Reuters
Reuters | Oil rises 6 percent but set for biggest January fall in 25 years Reuters Crude futures were poised for their first weekly gain this year, but analysts said there had been no shift in the fundamental backdrop of supply far exceeding demand and swelling inventories of unwanted oil and oil products. The oil price is set for a ... US oil settles up $1.18, or 4.2%, at $29.53 a barrel Oil Prices Notch Biggest Percentage Gains Since October U.S. crude oil prices stabilize but market sentiment remains bearish |
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