Bloomberg | Oil Pares Record Rally on Signs $60 Crude May Sustain Glut Bloomberg Oil pared its ninth weekly advance, the longest rising streak since trading started in 1983, amid speculation the market's rebound to $60 a barrel will sustain a global supply glut. Futures slid as much as 0.5 percent in New York, retreating for a ... Crude oil prices down in Asia UPDATE 2-Oil heads for weekly gain, shrugs off ample supply; US output eyed Oil prices lower in Asian trade |