Crude oil price spikes on unplanned outage
April 5, 2017 12:00 am Comments Off on Crude oil price spikes on unplanned outageOil prices rose to a near 1 month high, supported by an unplanned production outage in the North Sea and expectations of a drawdown in U.S. crude and product inventories. Equity markets are set for a cautious time as investors move to the side lines before a potentially tense meeting between Donald Trump and Chinese President Xi Jinping later this week.With the market starting to stabilise out following Friday’s Quarterly Stocks and Acreage reports, the northern hemisphere weather market w...