Climbing oil prices signal need for more output: Kemp reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Column: Climbing oil prices signal need for more output reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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At 11:27 am Singapore time (0327 GMT), the ICE Brent June contract was up 9 cents/b (0.14%) from the April 6 settle at $62.83/b, while the May NYMEX light sweet crude contract was 7 cents/b (0.12%) higher at $59.40/b.
US gasoline inventories rose by 4.5 million barrels in the week ended April 2, American Petroleum Institute data released late April 6 showed, higher than analyst expectations. The oil market has trouble finding its feet, let alone an equilibrium, as the apparent buyers strike continues after the API reported an unexpected hefty build in gasoline inventories, Axi chief global markets strategist Stephen Innes said in a note April 7.
Energy prices offering some hope to T&T s economy cnc3.co.tt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnc3.co.tt Daily Mail and Mail on Sunday newspapers.