The debt crisis was still in the headlines yesterday. The president of the EU, Belgium Herman Van Rompuy, said a tentative agreement should be finalized at the summit of euro zone on Friday to strengthen economic competitiveness. The Heads of State and Government should also look closely on the situation in Portugal a few days after the country had issued bonds at a record rate of return. Despite the many rumors that have circulated in recent days, the Elysee said no rescue plan in Portugal is currently on the table. Furthermore, no debt restructuring is the Greek agenda.
Finally, good news for the oil market because crude oil inventories rose more than expected last week across the Atlantic. Indeed, the increase was nearly 2.5 million barrels to 348.9 million during the week ending March 4. Economists expected an increase of 600,000 barrels that. However, stocks of refined products have declined dramatically, falling nearly 4 million barrels. Economists predicted a fall of 1.2 million.
Finally, good news for the oil market because crude oil inventories rose more than expected last week across the Atlantic. Indeed, the increase was nearly 2.5 million barrels to 348.9 million during the week ending March 4. Economists expected an increase of 600,000 barrels that. However, stocks of refined products have declined dramatically, falling nearly 4 million barrels. Economists predicted a fall of 1.2 million.
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