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Oil Recovery Struggles Near $60 on Fears Over U.S. Supply Gains [Bloomberg Business News]

CME GROUP (CME)  More Company Research Source: Bloomberg Business News
Last cme group earnings: 4/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
PDF Nationwide oil inventories increased 3.95 million barrels: API WTI futures in New York are little changed, trading below $60 Gasoline inventories are expanding in the U.S.  Photographer: David Paul Morris Oil is being held back after its worst week in two years as fears over rising U.S. crude supplies curb investor optimism. Futures are trading below $60 a barrel in New York, little changed after a near 10 percent decline last week, as forecasts for rising American crude inventories compounds concern U.S. shale’s resurgence is hampering OPEC’s efforts to shrink global supplies. More cause for worry came after industry data on Tuesday showed stockpiles of crude and gasoline had continued to expand. Oil has erased this year’s gains after the best start to the year in more than a decade, putting in jeopardy the Organization of Petroleum Exporting Countries and allies’ strategy as wel [Read more]

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