Tue, 10 May 2016 11:01:05 GMT
Oil prices gain as stockpile data looms
Following volatility the day before, oil prices surged on Tuesday, awaiting the weekly data release on US inventories. The number for the week ending April 29 surprised analysts with a staggering 500% jump above expectations, showing 2.78 million barrels, which was followed by an expectation of 500 000 barrels for the subsequent week.