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Oil Slides With Glut Concerns Eclipsing Demand Recovery

By Olivia Raimonde (Bloomberg) — Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories. West Texas Intermediate futures fell as much as 8% Wednesday, before paring losses. US. gasoline demand on a four-week basis rebounded at its strongest rate in government data going back to 1991, but it still remains just above […]

WP_Post Object ( [ID] => 224690 [post_author] => 21 [post_date] => 2020-05-06 18:00:12 [post_date_gmt] => 2020-05-06 18:00:12 [post_content] => By Olivia Raimonde (Bloomberg) — Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories. West Texas Intermediate futures fell as much as 8% Wednesday, before paring losses. US. gasoline demand on a four-week basis rebounded at its strongest rate in government data going back to 1991, but it still remains just above […] [post_title] => Oil Slides With Glut Concerns Eclipsing Demand Recovery [post_excerpt] => By Olivia Raimonde (Bloomberg) — Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories. West Texas Intermediate futures fell as much as 8% Wednesday, before paring losses. US. gasoline demand on a four-week... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => oil-slides-with-glut-concerns-eclipsing-demand-recovery [to_ping] => [pinged] => [post_modified] => 2020-05-06 18:00:12 [post_modified_gmt] => 2020-05-06 18:00:12 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=139888 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )