The Traderszone Network

Published in TZ Latest News 28 April, 2015 by The TZ Newswire Staff

Oil falls as U.S. crude stockpiles set for another high

Oil prices fell on Tuesday ahead of weekly U.S. crude inventory data that is expected to hit another high, withdrawing further from a rally that saw Brent crude futures touch a 4 1/2 month high on Friday. “Crude oil has made a strong price recovery on the expectation that you would start to see lower U.S. production and also some strock draws,” said Olivier Jakob of Swiss-based consultancy Petromatrix.

read more