The Traderszone Network

Published in TZ Latest News 25 February, 2015 by The TZ Newswire Staff

Brent drops toward $61 as U.S. crude stocks rise

Brent crude fell toward $61 per barrel on Thursday, after a sharp rally in the previous session, as bulging U.S. crude stockpiles offset indications of a recovery in demand. Oil prices on both sides of the Atlantic recorded their largest percentage gains in nearly two weeks at Wednesday’s settlement, boosted by improved views on global oil demand from the Saudi oil minister and better-than-expected China data.

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