U.S. crude up 4 percent on lower stockpile bets; Brent spread narrows

U.S. crude up 4 percent on lower stockpile bets; Brent spread narrows

September 24, 2015
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By hellenicshippingnews Oil prices rallied on Monday, with U.S crude surging more than 4 percent on signs of declining stockpiles, less drilling that could reduce future output and a jump in gasoline futures that boosted the overall petroleum complex. Global oil benchmark Brent gained 3 percent. Its premium over U.S. crude CL-LCO1=R narrowed to below the key psychological … Read full story ›

Source:: Hellenic shipping news Oil