Oil Hovers Near Seven-Month Low on Surplus Stocks

Data shows the market remains awash in surplus oil

Crude Oil: $44.73 barrel, Natural gas: $2.933/MMBtu, Gold:$ 1272.80 per troy oz


News:

Crude futures stabilized on Thursday, after tumbling earlier in the week, with investor sentiment battered by data showing that the market remains awash in surplus oil.

Brent crude, the global oil benchmark, edged up 0.1% to $47.04 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.1% at $44.71 a barrel.

Oil markets tanked by nearly 4% on… Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com