 |
Breaking
eBusiness and Search News |
|
 |
Energy Report Helps Oil Price Decline
An energy report by the United States indicating an increasing inventory contributed to a drop in oil prices, which dropped to under $47 a barrel.
Forbes reports that warmer winter temperatures also added to the price decline.
"Rob Laughlin, managing director of GNI Man Financial in London, said crucial energy supply numbers were better than expected in the U.S. report.
The Department of Energy reported Wednesday that the nation's inventory of crude oil rose by 3.4 million barrels last week to 292.2 million barrels, about 8 percent above year-ago levels. The U.S. supply of distillate fuel, which includes heating oil, diesel and jet fuel rose by 800,000 barrels to 123.8 million barrels, or 5 percent below year ago levels.
"Cold weather in the States is also getting milder," Laughlin said."
Receive
Our Daily Email of Breaking eBusiness News
About the Author:
WebProNews | Breaking eBusiness News
Your source for investigative ebusiness reporting and breaking news.
 WebProNews RSS Feed
More Articles
Contact WebProNews |
|
|
 eBUSINESS
RESOURCES |
|
|
 |
|
| About
WebProNews |
WebProNews is the number
one source for eBusiness News. Over 5 million eBusiness professionals read
WebProNews and other iEntry business and tech publications.
WebProNews provides real-time coverage of internet
business.
Free Email Newsletters:
|
|
|
|
