News
Oil dips on Canada output prospects, record U.S. stocks
May 11, 2016 by admin · Leave a Comment
By Simon Falush LONDON (Reuters) – Crude prices fell on Wednesday as oil sands production in Canada restarted after forced closures due to wildfires, and as already record-high inventories especially in the United States grew. U.S. West Texas Intermediate (WTI) futures were down 44 cents at $44.22 a barrel. A battle between Middle East producers for market share in Asia also weighed on prices, countering production declines and disruptions around the world.
Read more from the original source:
Oil dips on Canada output prospects, record U.S. stocks