Wednesday 20 April 2016

Crude futures fall after Kuwaiti oil workers end strike | Reuters

Crude futures fall after Kuwaiti oil workers end strike | Reuters:

"Crude futures fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut the nation's crude output by around half, with worries about an oversupplied market returning to the fore.

Concerns about an oil surplus were also reinforced by industry data that showed U.S. stockpiles rose last week.

Brent crude futures LCOc1 were down 82 cents at $43.21 a barrel at 0700 GMT."



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