Friday, 3 May 2013

Brent crude rises nearly $3 a barrel global oil demand and ample supply European Central Bank

Brent crude rose nearly $3 a barrel on Thursday, closing shy of $103 as a rate cut by the European Central Bank supported riskier assets, although a shaky outlook for global oil demand and ample supply capped gains. The ECB cut its main interest rate to a record low of 0.50 percent, sparking a...Brent crude rises nearly $3 a barrel global oil demand and ample supply European Central Bank

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