rose-on-monday
Oil climbs as market seen in balance, but slow demand weighs
July 4, 2016 by publisher · Leave a Comment
By Ahmad Ghaddar LONDON (Reuters) – Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed. The energy minister of Saudi Arabia, the world's top crude exporter, and …
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Oil climbs as market seen in balance, but slow demand weighs
rose-on-monday
Oil hits 2016 high above $40; glut warnings resurface
March 7, 2016 by admin · Leave a Comment
Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as producers sought a new anchor price for oil after a selloff that has lasted nearly two years, although some analysts warned the global glut is still big. Global crude prices have risen more than 40 percent since two months ago when…
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Oil hits 2016 high above $40; glut warnings resurface