Tag Archives: crude oil

Why US Crude Oil Stocks fell lower than expected

Crude oil stocks in the United States declined by 0.917 million barrels in the week ended June 17th, 2016, following a 0.933 million fall in the previous week and compared to market expectations of a 1.67 million drop. It is the fifth straight decline in oil inventories. Meanwhile, gasoline stocks rose by 0.627 million barrels after falling by 2.625 million […]

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Global Market and Economic updates

Economy European stocks are adding to the previous session’s gains, following mostly positive growth figures in the eurozone. Boosted by strong domestic demand and household spending, the German economy rose 0.7% in Q4 after expanding 0.1% in the previous three months, while data from France showed that GDP grew by 0.1% during the quarter, meeting analysts’ expectations. The eurozone economy […]

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