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Oil Drops as Glut Fears Grow - Wall Street Journal
Reuters | Oil Drops as Glut Fears Grow Wall Street Journal Oil prices pulled back Tuesday on fears that the global glut of gasoline will continue to weigh on crude markets. The September contract for global benchmark Brent was recently down 0.38% at $46.78 a barrel while its U.S. counterpart West Texas ... Oil prices fall on oversupply concerns despite output cuts US crude futures settled down 71 cents, or 1.6 percent, at $45.24 a barrel, and last traded down 1.46 percent at $45.28. Oil price falls as output cuts fail to stem oversupply fears |
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