Oil Trades Near $50 as Europe Economic Data Counters Iraq Demand

Oil Trades Near $50 as Europe Economic Data Counters Iraq Demand

October 24, 2016
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By hellenicshippingnews Oil traded near $50 as better-than-expected economic data in Europe countered Iraq’s demand that OPEC should exempt it from planned output cuts. Prices rose as much as 0.3 percent in New York. A Purchasing Managers’ Index for manufacturing and services in the euro zone rose to 53.7 in October, the fastest pace since the beginning of this … Read full story ›

Source:: Hellenic shipping news Oil