Oil prices mostly recovered from the sudden drop brought about by the reports of surprisingly high oil reserves the US, coming to rest above the 51.500 level it had been at before the surplus was announced. Oil producers have risen back up on the news, though they have been plagued by worker strikes almost as much as the teetering price of crude oil. After posting strong gains earlier today, BP shares are currently up only 0.27%, and look to be falling further on the continuing insecurity of the oil market.
February 20, 2015 – Stock Market news
Oil prices mostly recovered from the sudden drop brought about by the reports of surprisingly high oil reserves the US, coming to rest above the 51.500 level it had been at before the surplus was announced. Oil producers have risen back up on the news, though they have been plagued by worker strikes almost as much as the teetering price of crude oil. After posting strong gains earlier today, BP shares are currently up only 0.27%, and look to be falling further on the continuing insecurity of the oil market.