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Rabu, 02 Desember 2015

Crude Oil Drops Amid Supply Glut, Weak Economic Data



Crude oil prices turned lower Wednesday morning as euro zone inflation remained weak, suggesting lingering economic weakness across the Atlantic.


Also0, US crude stockpiles rose 1.6 mln bbls according to the American Petroleum Institute (API) crude oil inventory data for the week ended November 27.


Analysts expected a small build in inventories, but the US supply glut only worsened.


WTI light sweet crude oil for January was down 50 cents at $41.35 a barrel.



Published: 2015-12-02 11:57:00 UTC+00










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