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Oil Heads for Worst Week Since March as OPEC Seen Fueling Glut
©2015 Bloomberg News NZ6AHO6JTSEB (Bloomberg) — Oil headed for the biggest weekly decline since March amid speculation OPEC’s decision to effectively scrap production targets will keep the market oversupplied. Futures fell as much as 0.9 percent in New York and have dropped 8.8 percent this week. Prices are down for
Bloomberg Business: Oil Trades Near $50 as Iraq Pumps Crude at Record Pace Amid Glut
18 Jan 2015 18:43 Oil Trades Near $50 as Iraq Pumps Crude at Record Pace Amid Glut Copyright 2015 Bloomberg. Ben Sharples (For more on oil’s decline, click EXT5 <GO>) (Bloomberg) — Oil traded near $50 a barrel as Iraq pumped crude at a record pace with OPEC’s second-biggest producer
