Bloomberg | Oil Declines as Spare US Supplies Menace OPEC's Anti-Glut Plan Bloomberg Oil dropped as expanding U.S. stockpiles knocked the steam out of the OPEC-led effort to drain a worldwide glut. Crude lost as much as 1.4 percent on Wednesday in New York. Inventories in American tanks and terminals probably increased by 3 million ... Saudi Arabia Wants $70 Oil Shale bonanza means US oil production at a 50-year high A new supply shock is oil's $10 trillion question |