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Oil Rally Continues as Output Cuts Hit Supply Glut

By Olivia Raimonde (Bloomberg) –Oil posted its longest streak of gains in more than a year, buoyed by output cuts across the globe that have whittled away at a stubborn supply glut. Futures climbed 1.3% in New York. U.S. supply data showed crude inventories fell for a second week after climbing steadily since January and stockpiles […]

WP_Post Object ( [ID] => 225098 [post_author] => 21 [post_date] => 2020-05-21 20:15:26 [post_date_gmt] => 2020-05-21 20:15:26 [post_content] => By Olivia Raimonde (Bloomberg) –Oil posted its longest streak of gains in more than a year, buoyed by output cuts across the globe that have whittled away at a stubborn supply glut. Futures climbed 1.3% in New York. U.S. supply data showed crude inventories fell for a second week after climbing steadily since January and stockpiles […] [post_title] => Oil Rally Continues as Output Cuts Hit Supply Glut [post_excerpt] => By Olivia Raimonde (Bloomberg) –Oil posted its longest streak of gains in more than a year, buoyed by output cuts across the globe that have whittled away at a stubborn supply glut. Futures climbed 1.3% in New York. U.S. supply data showed crude ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => oil-rally-continues-as-output-cuts-hit-supply-glut [to_ping] => [pinged] => [post_modified] => 2020-05-21 20:15:26 [post_modified_gmt] => 2020-05-21 20:15:26 [post_content_filtered] => [post_parent] => 0 [guid] => https://gcaptain.com/?p=140291 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )