energy-sectors
Oil tests out $50 a barrel as supply concerns resurface
May 26, 2016 by elegant · Leave a Comment
Oil prices tested the $50-per-barrel mark on Thursday as production outages brought a faster-than-expected recovery to an oversupplied market many thought will stay depressed through the year. While a crude glut could grow in coming months if demand stalls, wildfires in Canada's oil sands, unrest in the Nigerian and Libyan energy sectors, and …
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Oil tests out $50 a barrel as supply concerns resurface