While you were sleeping: Oil sinks, euro rises

Thu, 09 Mar 2017

By Margreet Dietz March 10 (BusinessDesk) - Oil dropped amid intensifying concern about record US stockpiles, while the euro strengthened as European Central Bank President Mario Draghi said risks to the region’s growth have become less pronounced. West Texas Intermediate for April delivery dropped as low as US$48.79 a barrel in New York. “People are nervous about the global supply-demand balance," Adam Sieminski, a scholar at the Centre for Strategic and International Studies in Washington and former head of the Energy Information Ad...

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