Newsclip®: [Business] US oil hits 7-month high as inventory drop seen; caution over Libya

"NEW YORK: US crude prices hit seven-month highs on Tuesday on expectations of lower US stockpiles and after wildfires threatened anew Canadian oil supplies, but pared some gains due to the potential for higher Libyan output. US crude inventories likely fell a second straight week last week, declining by around 3.2 million barrels, a Reuters poll of analysts said. In Canada, energy producers were hit with fresh disruptions after a massive wildfire burning around the oil sands hub of Fort McMurray",

0 comments | 1 clip



Last clipped by

Hey! Thanks for checking out Newsclip®!

Click on this Trending Newsclip® Stack to read other top media reports on this topic.

Be sure to clip to your personal newspaper, like, comment and share!

Newsclip® is the leader of Social News Discovery®.

Welcome to the Newsclip® beta release!

Please enjoy the site during our beta phase and provide us with feedback on suggestions and issue details. Please remember that we are still in beta and there will be issues and site changes during this time.

Newsclip® the leading Online Social Newspaper, find trending articles through Social News Discovery®!

Invite Friends to Newsclip®

Invite your Facebook friends to follow you!

You can reopen the "Getting Started Tutorial" dialog from within the About menu in the top right corner.