Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Oil eased toward $66 a barrel Monday after reaching a 2015 high, as ample current supplies and weak Chinese factory activity countered expectations of a tighter supply and demand balance later this year.The collapse of oil prices in 2014 has prompted expectations that supply growth in higher-cost crude producers such as the U.S. will slow. U.S. crude lost 23 cents to $58.92 .Weighing on prices were the latest signs that supply is still plentiful, including higher Libyan exports, record Iraqi exports in April and OPEC oil output at its highest in two and a half years.
FOLLOW THIS ARTICLE