U.S. oil futures settle at a 2-week high
Marketwatch -

Oil futures climbed Tuesday, with U.S. prices settling at their highest in two weeks. Some analysts pointed out that talk of a potential release of crude from the U.S. Strategic Petroleum Reserve highlights a shortage of crude supplies. An SPR release would be a "short-term measure at best," since any inventory drawn from the reserve would have to eventually be replenished, Manish Raj, chief financial officer at Velandera Energy Partners, told MarketWatch. Oil prices may even rise in response to...

Read this story at

Loading...

Related Articles