Fox Business | Oil Falls on Economic Concerns, Oversupply Fox Business "The basic overriding position in the oil market at the moment is that the global production exceeds global demand by quite a wide margin," said Ric Spooner, chief market analyst, CMC Markets. In a sign of the excess supply, U.S. crude stockpiles rose ... Stocks close higher in massive intraday reversal as oil steadies Stocks Recover, as Oil Prices Turn Higher Turnaround: Stocks end up after midday reversal |