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Crude oil holds at seven-year lows as global glut persists - Reuters
Reuters | Crude oil holds at seven-year lows as global glut persists Reuters SINGAPORE Crude oil prices remained at levels not seen since early 2009 on Friday as output in the Middle East continued to rise despite an already huge global glut, with analysts saying the price outlook for the rest of the year and into 2016 remained ... The Oil-Patch Bust Oil & gas 'zombies' on the rise as US oil production set to decline through 2016 Oil settles at $36.76 a barrel, its lowest level since 2009 |
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