Oil rebounds from near 2017 lows on falling U.S. crude stocks

Oil rebounds from near 2017 lows on falling U.S. crude stocks
03 May 2017, London– Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-expected fall in U.S. crude stocks, reviving bullish sentiment about easing oversupply. Benchmark Brent crude LCOc1 was up 35 cents at $50.81 a barrel at 1010 GMT. On Tuesday the futures had settled at their lowest […] More »
Oil rebounds from near 2017 lows on falling U.S. crude stocks Oil rebounds from near 2017 lows on falling U.S. crude stocks Reviewed by Crude Oil Facilitators on 14:26 Rating: 5

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