Oil prices fall around 2-after-4-days


Posted February 4, 2015 by amitsharma635862

US crude futures slide more than 2 % in early Asian trade on Wednesday, after a scrambling dollar had pushed by about 19 % over the last four sessions.

 
US crude futures slide more than 2 % in early Asian trade on Wednesday, after a scrambling dollar had pushed by about 19 % over the last four sessions. Oil markets have recoiled in recent days as some investors become more confident that oil prices have bottom after a seven month rout that had elicited major energy companies to reduce spending on new production. Evaluated by industry group American Petroleum Institute that US crude stockpiles increase more than 6 million barrels previous week, in a fifth straight week of jumps, helped drive prices lower on Wednesday. US crude for March delivery was downward more than 2 % at $51.91 a barrel by 0013 GMT. Researchvia is a leading financial services providing company and has its existence in Indian market as well as global capital markets. Researchvia is Investment Advisory Company that provides and delivers high profitable returns on stock, nifty, commodity, share tips and Derivatives Tips – Futures and Options MCX Commodity Tips – MCX, NCDEX and COMEX Forex Tips – Domestic and International
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Last Updated February 4, 2015