Posts Tagged

global oil glut

Business Headlines

published Jun 12th 2016, 5:52 pm, by Stephen Stapczynski (Bloomberg) — Crude fell a third day after the number of rigs drilling for oil in the U.S. rose for a second week. Futures fell as much as 1 percent in New York after dropping 4.2 percent in the previous two

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Business Headlines

©2016 Bloomberg News O1845T6JTSEC (Bloomberg) — Oil traded near the lowest close in more than 12 years before weekly U.S. government data forecast to show crude stockpiles expanded, exacerbating a global glut. Futures were little changed in New York after dropping 3.3 percent Tuesday to the lowest level since September

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