MCX :: Crude Oil:: Latest News Of Crude Oil:: crude oil inventories in the US is a positive signal on the demand side for oil markets while buildup in gasoline inventories for two weeks in a row does not bode well for prices. On the other hand, Greece’s exit from the Euro area will lead to strengthening dollar and the weaker euro which will provide headwinds for oil prices to rise higher.
The latest news which came over last week is the fact that the world’s Ocean supertankers are navigating at the fastest velocity in 2.2 yrs as there’s a collapse in Crude Oil prices which impels demand for shipment and aggravates daily returns that proprietors can make from dispatches and deliveries.
Oil starts the week lower as markets focus on U.S. drilling activity | SapForex24: Oil prices declined during European morning hours on Monday, as prospects of rising U.S. production weighed on the market. Crude oil for March delivery on the New York Mercantile Exchange shed 26 cents, or around 0.5%, to $52.96 a barrel by 3:50AM ET (08:50GMT).
Art project sheds new light on brain injury | From Trauma to Triumph [VIDEO] | Look through the eyes of a two-metre tall stainless steel head and you'll see an expression in video of artists' lives since acquiring a brain injury.