ABU DHABI/GULF TIME The Abu Dhabi Securities Exchange (ADX) Group announced that it has achieved …
Read More »Oil surges 11% in October as stockpiles erode away
Bloomberg Oil posted a monthly gain of 11% on signs that consumption is outpacing supply and draining stockpiles. Futures in New York rise 0.9%. Oil’s advance this month shows the impact of an ongoing shortage of natural gas, which has boosted demand for oil products. At the same time, rising margins signal that crude consumption will remain strong as refiners …
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