Posts Tagged
u.s. glut
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Oil Slides Under $35 as Glut Worsens While Fed Sinks Commodities
©2015 Bloomberg News NZJ9AJ6S972B (Bloomberg) — Oil traded below $35 a barrel and headed for a third weekly decline amid a worsening U.S. supply glut and the first interest rate increase by the Federal Reserve in almost a decade. Futures held losses in New York after closing Thursday at the lowest