Wall Street Journal | Oil Gives Up Gains Wall Street Journal Oil prices turned lower Thursday, after initially rallying as a top energy monitor said that the global market is near balance. Light, sweet crude for June delivery edged down 36 cents, or 0.8%, to $45.87 a barrel on the New York Mercantile Exchange ... Global oil markets 'heading towards balance': IEA Why Central Banks Wouldn't Let Cheap Oil Blow Up A Global Recovery The IEA just gave the oil industry some great news |