16 January 2015 - Brent crude oil rose more than $1 to above $49 on Friday after the West’s energy watchdog forecast the market downtrend would end, although analysts said a strong rebound soon was unlikely as global output continued to outweigh demand. Oil prices have dropped by nearly 60% since June as production around […] More »
Friday, 16 January 2015
Oil rises after IEA says tide is turning
16 January 2015 - Brent crude oil rose more than $1 to above $49 on Friday after the West’s energy watchdog forecast the market downtrend would end, although analysts said a strong rebound soon was unlikely as global output continued to outweigh demand. Oil prices have dropped by nearly 60% since June as production around […] More »
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