Posts Tagged
global oversupply
Oil Holds Gains as Pace of U.S. Drilling Slows Amid Global Glut
©2015 Bloomberg News NYEGX16JIJUR (Bloomberg) — Oil held gains after rising for a third day on signs the pace of drilling is slowing in the U.S. amid a global oversupply. Futures were little changed in New York after advancing 0.4 percent Wednesday. The number of rigs targeting oil fell by 9