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Oil slips toward $56 on expectations oversupply to linger

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11 Feb 2015 08:00 #239906 by chairman
(Reuters) - Oil slipped toward $56 a barrel on Wednesday, under pressure from expectations of persisting oversupply in world markets and an industry report saying U.S. crude stocks rose further from a record high.

The American Petroleum Institute said on Tuesday crude stocks increased by 1.6 million barrels last week. Stocks are already at a record high, according to the U.S. government's Energy Information Administration (EIA), which issues its latest report on Wednesday.
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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11 Feb 2015 15:36 #239950 by ketchim
Still a buck per Litre here in Toronto !

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Kenia
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