Energy stocks are rallying as crude oil rebounds
|11/21/2018||Posted by BusinessMediaguide.Com under General World News||
- Brent crude oil rebounded above $63 a barrel on Wednesday following a report that showed an unexpected decline in US supplies.
- Crude on Tuesday hit its lowest level since 2017 after President Donald Trump signaled the US would not punish Saudi Arabia over the killing of Washington Post journalist Jamal Khashoggi in its Istanbul consulate.
- Oil prices have rallied this year as market watchers expect that US sanctions on Iran will reduce oil supplies.
- But prices have eased by nearly a quarter from recent peaks amid OPEC’s downgrades on global oil demand and as Trump allows eight countries to temporary import read more >>>