Reuters | Brent oil climbs above $58 on weaker dollar, Iraq fighting Reuters "When contracts expire there is more uncertainty and volatility associated with oil. For investors speculating, directionally WTI seems to be facing more pressure heading down. Brent will move upwards," said Victor Shum, vice president of IHS Energy in ... The U.S. Has Too Much Oil and Nowhere to Put It Oil inventories continue to defy gravity despite reduced industry activity Oil higher, but choppy as US supplies weigh on WTI prices |