Posts Tagged
oil supplies
Oil Extends Losses From 12-Year Low as Stockpiles Seen Expanding
©2016 Bloomberg News O0TFPZ6TTDS1 (Bloomberg) — Oil extended declines from the lowest close in more than 12 years before U.S. government data forecast to show crude supplies expanded, exacerbating a global glut. Futures fell as much as 1 percent in New York after slipping 5.3 percent Monday. Stockpiles probably rose
Oil Slump to 11-Year Low Just a Taste of Pain Felt by Producers
©2015 Bloomberg News NZS1N66VDKHT (Bloomberg) — If oil’s slump to an 11-year low stung traders, it’s just a taste of the hardship felt by the industry. Brent’s plunge to $35.98 a barrel on Tuesday, its weakest intraday level since 2004, was probably painful enough for any remaining oil bulls. But that