Tuesday December 1, 2020

Oil trades at close to $50, lowest since April '09

6th January, 2015

Oil traded near $50 a barrel in New York amid speculation that U.S. crude inventories will expand, exacerbating a global supply glut that’s driven prices to the lowest level since April 2009. Futures were little changed after losing 5 percent yesterday. Stockpiles in the world’s biggest oil consumer probably rose by 750,000 barrels last week, a Bloomberg News survey shows. A gauge of the dollar held near a nine-year high, diminishing the investment appeal of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Analysis: The sandwich-maker has tapped its shareholders for €100 million amid the continuing uncertainty over the pandemic

Ian Guider | 2 days ago

GAA supporters around the country have long bemoaned the disproportionate funding directed towards Dublin. The GAA argues that it was merely rebalancing a perceived weakness in Dublin compared to its population size, but did it create a monster?

Barry J Whyte | 2 days ago

The building materials giant last week posted earnings before ebitda of $3.4 billion for the first nine months of 2020, making light of tough trading conditions

Peter O'Dwyer | 2 days ago