US commercial oil stockpiles hit a new record last week on the strength of continued growth in oil and gas production in the world's biggest oil-consuming country. Commercial stocks rose 3.5 million barrels to 397.7 million barrels for the week ended April 18, according to US Energy Information Administration data released Wednesday. It is highest level of commercial stocks since 1931, according to monthly data kept by the agency. "It's a real renaissance for the US oil production industry," said John Kilduff, founding partner at Again Capital.
Blaise Matuidi struck in the 89th minute to give Paris Saint-Germain a 1-0 win against struggling Evian at the Parc des Princes on Wednesday and take the capital club to the brink of the title. It looked like PSG would have to settle for a point against their 10-man opponents until Lucas played in fellow substitute Matuidi and the France midfielder slotted the ball through the legs of goalkeeper Jesper Hansen at the near post. The result leaves the reigning champions 10 points clear of nearest challengers Monaco with only four games remaining and means they can clinch a second consecutive title with a win away to Sochaux on Sunday, or 24 hours earlier if Monaco lose at relegated Ajaccio. However, the nature of the performance left coach Laurent Blanc far from satisfied at full time.