Thummel: Oil Could Reach $50 By End of 2016
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Thummel: Oil Could Reach $50 By End of 2016
Oil Jumps to Four-Month High on Optimism Supply Glut to Ease U.S. benchmark oil prices surged to a four-month high after stockpiles at the nation’s biggest storage hub fell for the first time since November. Read more here.
Oil Surges Most Since 2012 as Slump Seen Curbing Output Crude in New York advanced the most since June 2012 after a drop in the U.S. rig count signaled the slump in prices over the past seven months will curb output. Read more here.