Bloomberg | Oil Slumps Again to One-Year Low as Saudis Signal Record Output Bloomberg Oil slumped to the lowest in a year after Saudi Arabia signaled its output may have reached a record high, while growing U.S. stockpiles stoked concerns over a potential supply glut. Futures retreated as much as 5.3 percent from their Nov. 21 ... How strongmen play their cards will determine next move for oil Oil heads for seventh weekly loss on signs of global supply glut Saudi Arabia will respond to weak oil demand, energy minister Falih says |