U.S. crude oil hits six-and-a-half-year low on high stocks, China

U.S. crude oil hits six-and-a-half-year low on high stocks, China

August 14, 2015
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By hellenicshippingnews U.S. crude oil fell to its lowest in almost six-and-a-half years on Friday as huge stockpiles and refinery shutdowns heightened concerns about global oversupply and slowing economies in Asia. Oil had already tumbled more than 3 percent on Thursday, driven by a report that stocks at Cushing, Oklahoma, the delivery point for U.S. crude futures, … Read full story ›

Source:: Hellenic shipping news Oil