: :inin Kyiv (EET)

The Long Way Down


Let’s overlook everything else going on in the economy today and just look at oil, oil, and more oil (a lot more oil.)
Yesterday, amidst news of the third-largest oil and gas merger ever (between Royal Dutch Shell and BG), oil prices hit a swift high for the year – and then promptly dropped nearly six per cent, on news that U.S. stockpiles hit a 14-year record. In fact, stockpiles were about three times bigger than analysts expected. This morning, oil is about $51.66, and we’ll have a closer look at this volatility below.
Today, we’re also looking at the impact …read more

Source: Macleans

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