Oil tops $60 for first time in 2015; oversupply persists

http://finance.yahoo.com/news/brent-holds-above-59-more-030153924.html
Oil closed up for a second straight week on Friday after another drop in the U.S. rig count, and Brent crude hit a 2015 high above $60 a barrel, but market skeptics cautioned the rally could fade because supplies keep coming. U.S. crude inventories have swelled to record highs of nearly 418 million barrels, government data showed last week.

Advertisements

Come, leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s