Google+ Followers

Saturday, 16 May 2015

Oil steadies below $67 as global glut builds | GulfNews.com

Oil steadies below $67 as global glut builds | GulfNews.com:



"Brent crude oil steadied below $67 a barrel on Friday after reports that a growing supply glut is boosting inventories worldwide.



Oil futures have rallied strongly since January after collapsing last year but analysts say the rebound may have overshot, and could be about to correct. 




Although the US oil market is becoming more balanced, production elsewhere is still running well ahead of consumption."



'via Blog this'

US offers Gulf allies military assistance - YouTube

US offers Gulf allies military assistance - YouTube: ""



'via Blog this'