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

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 […]

Published October 24, 2016

By LizOutLoud

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

      

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