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Monday, 12 February 2018

Oil’s bounce from worst week in two years capped by shale fears

Oil’s bounce from worst week in two years capped by shale fears

*U.S. rigs jumped to 791 last week, highest in almost 3 years *WTI rebounds to trade near $60 after tumbling 9.6% last week 12 February 2018, London — While oil is rebounding from its biggest weekly decline in two years, a surge in U.S. shale still looms over the market. Futures in New York were …

The post Oil’s bounce from worst week in two years capped by shale fears appeared first on SweetCrudeReports.

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