Oil market jumps on hopes of easing global supply glut
World oil prices shot higher Wednesday on forecasts that US shale production would likely drop and help ease a global supply glut, analysts said.
Apr 15, 2015, 19:05 PM IST
Oil prices rise on expected US shale production dip
Crude prices rose on Tuesday after the U.S. Energy Information Administration said it expected U.S. shale oil output to record its first monthly decline in over four years.
Apr 14, 2015, 09:59 AM IST