Oil bounces to $48 on bargain-hunting after sharp fall

Oil bounces to $48 on bargain-hunting after sharp fall

September 24, 2015
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By hellenicshippingnews Oil steadied at $48 a barrel on Thursday, as investors sought bargains after a sharp fall the previous day on an unexpectedly large buildup in U.S. gasoline stocks and a tepid demand outlook. Brent crude climbed 27 cents to $48.02 a barrel by 0820 GMT, after ending the previous session down $1.33. U.S. West Texas … Read full story ›

Source:: Hellenic shipping news Oil