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
