Oil hits highest since mid-2015, then dips
It was the first time since January 2014 that the two crude oil benchmarks opened the year above $60 per barrel, buoyed by large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.
Jan 03, 2018, 00:04 AM IST
Oil bounces back from losses prompted by US fuel stocks
Data from the Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories fell by 5.6 million barrels in the week to December 1, to 448.1 million barrels, putting stocks below seasonal levels in 2015 and 2016.
Dec 07, 2017, 21:26 PM IST