News Snapshot:
Data published Wednesday suggest demand for energy products is cratering amid lingering fears about the health of the global economy, a research analyst at OANDA said. File photo by Jim Ruymen/UPI | License Photo May 3 (UPI) -- Storage levels of commercial crude oil dipped below the five-year average and data on the supply-side of the equation remains mixed, data show, while crude oil prices experienced a free fall on Wednesday. The U.S. Energy Information Administration, the statistical arm of the Energy Department, showed the total amount of crude oil in storage declined by 1.3 million barrels over the last...
