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+--- Thread: Oil slips toward $56 on expectations oversupply to linger (/thread-23050.html)
Oil slips toward $56 on expectations oversupply to linger - chairman - 02-11-2015
(Reuters) - Oil slipped toward $56 a barrel on Wednesday, under pressure from expectations of persisting oversupply in world markets and an industry report saying U.S. crude stocks rose further from a record high.
The American Petroleum Institute said on Tuesday crude stocks increased by 1.6 million barrels last week. Stocks are already at a record high, according to the U.S. government's Energy Information Administration (EIA), which issues its latest report on Wednesday.
Re: Oil slips toward $56 on expectations oversupply to linger - ketchim - 02-11-2015
Still a buck per Litre here in Toronto !