The Traderszone Network

Published in TZ Latest News 7 April, 2015 by The TZ Newswire Staff

WTI Hits High On Fear Of Cuts In U.S. Drilling

Crude in New York climbed to the highest level this year amid speculation that a drop in U.S. oil drilling activity will curb production. Futures advanced 3.5% in New York. U.S. crude output slipped from a record in the week ended March 27, according to the Energy Information Administration. Drillers idled oil rigs for the 17th straight week, bringing the total count down to the lowest level in more than five years.

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