Crude Oil: Conflicts in Libya Causes Oil Prices to Rebound this Morning

11:27 PM No Comments

On Friday, Crude Oil prices declined 1.51% against the USD for the period ending 21:00GMT, closing at 54.90, amid persistent worries about global supply glut and weak demand. Last week, the EIA reported that crude stockpiles rose by 7.3 million barrels to a total US commercial crude inventory of 387.2 million



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