OIL

Back to reality as demand continues to grow

It seems the reprieve could be over after a week-long slump almost kept oil prices below the US$38 mark, down 12% from last week’s record high of US$42.45 a barrel. As crude on NYMEX was back up 88 cents to close at US $38.43 a barrel, Brent North Sea crude oil for July delivery rose by 46 cents to US$35.75 dollars per barrel.

The U.S. Energy Information Administration announced a modest increase in energy supplies on Wednesday, which was enough to stall growth for a few hours, but prices have been gaining ever since. The...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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