Sunday 18 January 2015

Oil prices rally from brink of six-year lows

OIL AND GAS
Oil prices rally from brink of six-year lows
New York (UPI) Jan 15, 2015 - Positive economic sentiment from OPEC, coupled with global currency movements, pulled crude oil price indices back Thursday from near six-year lows. The bear market for crude oil, down substantially from June 2014 highs above the $100 per barrel mark, has sparked early 2015 fears of stagnation in the global economy. Russia, which relies heavily on oil export revenue, is expected to expe ... more


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