The Traderszone Network

Published in TZ Latest News 24 March, 2015 by The TZ Newswire Staff

Brent Crude Falls As Global Supply Seen Increasing

Brent crude dropped for the first time in three days on concern a global supply glut will persist. Saudi Arabia, the world’s biggest exporter, is pumping about 10 million barrels a day, close to the record output in 2013. U.S. crude stockpiles rose for an 11th week through March 20, a Bloomberg News survey showed before a report from the Energy Information Administration Wednesday.

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