A recent study revealed that, the United States have higher oil reserves compared to Saudi Arabia and Russia. For the first the U.S has surpassed the oil reserves held by the largest oil exporting nations of the world.
On Friday, oil prices moved up before the July 4 holiday and Brent crude also posted its biggest weekly gain in more than a month.
After the results of 'Brexit' vote surfaced the crude oil prices tumble almost 6.8 percent on June 24 but according to some of the analysts, the supply and demand equation is continuing to favor th
On Wednesday, oil prices dropped as crude supplies in the United States slipped to lower than expected levels.
The oil's advance came to a halt close to $49 per barrel as markets are waiting for U. K's referendum on 'Brexit' and the weekly data on U. S. stockpile.
TopNews runs with your support. Please send your suggestions / comments to editor at topnews.in