Oil futures were down slightly Thursday morning, after rising sharply in the first half of the week, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply.
Both contracts on Wednesday had shrugged off a large build in U.S. crude inventories to end the trading session roughly 4per cent higher. The jump in prices came as worries of more disruptions to global supply continued to rattle the market. At the same time, major global trading houses are also planning to curtail crude and fuel purchases from Russia's state-controlled oil companies in May, Reuters reported on Wednesday.
Natural Gas, Fossil Fuel, Raw Metals, Diamonds and along with everything else exist from the very earth we live on. All of it is NATURAL RESOURCES, yet we mere mortal doughnuts. Pay over the odds for something that could be shared equally and responsibly but profit, greed & power