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 "tax"
Russian Prime Minister has signed a government resolution setting new export taxes on crude oil and some articles made of it that are exported outside the member-countries of the customs union, the prime minister’s press-secretary Dmitry Peskov said. For full story, click here