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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 20/Dec 13:36

WTI settles below $70

Crude oil prices edged lower with NYMEX WTI closing below $70/bbl while ICE Brent settled below $73/bbl on Thursday. The oil market witnessed a second straight session of decline as the strengthening dollar weighs on the energy complex, according to ING commodity analysts Ewa Manthey and Warren Patterson. “The latest data from Insights Global shows that refined product inventories in the ARA region increased by just 16kt over the week to 6.3mt. The additions in gasoil and gasoline stocks were balanced by the declines reported in other oil products stocks. Gasoil stocks in the ARA region increased by 57kt week-on-week

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