U.S. crude futures eased on Monday, May 7th, falling for a sixth day as rising U.S. crude stocks alleviated fears of a shortfall in the world's top energy consumer ahead of the peak summer driving season.
U.S. crude futures eased on Monday, May 7th, falling for a sixth day as rising U.S. crude stocks alleviated fears of a shortfall in the world's top energy consumer ahead of the peak summer driving season.
U.S. crude for June delivery fell 9 cents to $61.84 a barrel by 2351 GMT, continuing Friday's decline, which saw prices fall 2 percent to settle at $61.93 on rising U.S. crude imports.
But the latest episode of kidnap in Nigeria, could revive fears of further supply disruptions. Gunmen on Saturday kidnapped a Belarussian woman working with Compass Group. -Neftegaz.ru
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
