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Bearish cocktail knocks oil prices off recent highs - Reuters
CNBC | Bearish cocktail knocks oil prices off recent highs Reuters LONDON (Reuters) - Oil retreated from this week's eight-week highs above $52 a barrel on Wednesday, following a bearish combination of rising U.S. inventories, an outage at a major European refinery and increasing OPEC production. Brent crude futures ... Oil prices tumble 2%, settling at $49.16, after reports of rising output from Saudi-led oil cartel Oil extends losses as oversupply fears return, US data loom Oil Slides as Industry Is Said to Report Unexpected Crude Build |
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