Bloomberg | Oil Trades Near Lowest Since 2009 as Iran Pledges More Supply Bloomberg Oil in London traded near the lowest level since 2008 on speculation that OPEC's decision to effectively abandon production limits will worsen a global glut. Brent futures were little changed after dropping 4.5 percent on Friday. The surplus will ... Oil skids toward 11-year low as IEA warns of worse glut Slumping oil: US producers get creative Oil Prices Continue to Slide |