Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Articles Tagged "spend"
State oil firm Saudi Aramco announced its plans to spend $60 billion on oil and gas projects through 2014. Finance Minister Ibrahim al-Assaf said: Saudi Aramco has informed its large local contractors and agents of global firms that it had allocated a budget reaching $60 billion … to carry out oil and gas projects of [...]