March 9, 2017 archive

Crude Oil Prices Retreat on Wednesday as Inventory Grows, Sets New Record

Oil futures plunged by more than 5% on Wednesday to post the lowest finish of the year after domestic government data showed a sudden surge in crude supplies that boosted inventories to a new record, according to Bloomberg MarketWatch. The drop came as OPEC members touted high compliance among participants since the production curb began …

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