Bloomberg | Oil Declines a Third Day as U.S., OPEC Output Prolongs Surplus Bloomberg Oil dropped for a third day on speculation the highest production in decades from the U.S. and OPEC's largest members will keep global markets oversupplied. Futures lost 1.4 percent in New York, bringing their decline over three days to 3.8 percent. Oil drops for third day as Libya supply seen fueling global glut Oil drops for a third day |