Author: MableRubinstein

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Germany eyes additional debt of up to 50 billion euros for stimulus push

Crude oil prices climbed high on weekly basis amidst rising likelihood of civil war in Ukraine, IEA’s forecast that global demand will be stronger in 2H14 than previously expected and US’ indication of lifting exports ban. More chaos was seen ahead of Ukraine’s presidential election due May 25. While the government and its allies, mainly the US and EU, blamed Russia stimulating the unrest in the eastern regions, Russia accused the Ukrainian government that the rejection of rebels in the unity talks began May 14 would render the upcoming election illegitimate and lead the country to civil war.

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Weekly Fundamentals – US Crude Inventory on the Rise, Cushing Stock Expected to Build Up Again