The Traderszone Network

Published in TZ Latest News 1 July, 2015 by The TZ Newswire Staff

Oil Price Gyrates On China, Iran, Europe, U.S. Supply

It’s been a volatile week for oil prices and for oil-supplies data. In the U.S., West Texas intermediate crude prices plummeted 4.2% Wednesday, after weekly oil stockpiles surged by 2.4 million barrels, while analysts had projected a 1.3 million barrel decline. Europe’s Brent crude benchmark dropped 2.1%, trading down a bit more than 1% so far for the week.

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