Oil eyes $50 per barrel as outages, global stocks rally

Oil eyes $50 per barrel as outages, global stocks rally
17 May 2016, Lagos – Oil rose to six-month high near $50 per barrel on Tuesday boosted by investors demand for riskier assets at the expense of safe-haven bonds. Brent crude futures LCOc1 rose 0.7 per cent to $49.31 per barrel, after having risen 2.4 percent on Monday, touching $49.47, its highest since early November. U.S. […] More »
Oil eyes $50 per barrel as outages, global stocks rally Oil eyes $50 per barrel as outages, global stocks rally Reviewed by Crude Oil Facilitators on 15:56 Rating: 5

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