US stockpiles rise, Saudi stance on cuts forcing oil prices to fall

US stockpiles rise, Saudi stance on cuts forcing oil prices to fall
19 February 2016, Lagos – Oil prices fell in Asia Friday after a sharp rise in US crude stockpiles and Saudi Arabia’s rejection of proposed output cuts shot down a rally by the battered commodity. The about-turn came as the US Energy Department reported a 2.1 million barrel increase in US commercial crude inventories, to […] More »
US stockpiles rise, Saudi stance on cuts forcing oil prices to fall US stockpiles rise, Saudi stance on cuts forcing oil prices to fall Reviewed by Crude Oil Facilitators on 15:07 Rating: 5

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