Slate Magazine (blog) | Oil Falls for Fifth Day as U.S. Stockpiles Seen Adding to Glut Bloomberg Oil traded near $48 a barrel amid speculation expanding U.S. inventories will exacerbate a global supply glut that's driven prices to the lowest in more than five years. Futures were little changed after four days of losses in New York. Stockpiles in ... Memories Of Houston, The Last Oil Plunge, And $10 Crude Now Oil Is Trading for Less Than $50 a Barrel Oil continues its fall, trades below $48 a barrel |