WTI Moves Into Mid-$80s/B Range As Inventories Rise And Eurozone Worries Continue
The price of WTI settled lower at $86.53/B on 31 May amid continuing worries over the financial health of the Eurozone and rising crude stocks. Disappointing economic data from the US and China contributed to a fall in crude prices that saw Brent move close to $100/B. “The resurgence of sovereign debt fears have continued to pull dollar oil prices lower, with...
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