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Oil Posts Best Quarter Since Mid-2015 But Glut Still Worries

stander
stander
in Oil, Gas and Energy News

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NEW YORK, March 31 (Reuters) - Oil prices jumped more than 10 percent in March in the best quarter since mid-2015 although some analysts said the rally could fade soon as an output freeze plan by major crude exporters fails to alleviate worries of a glut.


A weak dollar and data showing a drawdown in crude stocks at the U.S. futures delivery hub helped oil settle steady to firmer in Thursday's session.



http://www.downstreamtoday.com/news/article.aspx?a_id=51614


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