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Oil bounces after big losses but glut persists - Reuters
Reuters | Oil bounces after big losses but glut persists Reuters A bearish assessment of the oil market by the International Energy Agency (IEA) on Wednesday also helped send both crude oil benchmarks down more than 4 percent by the close of trading. The IEA said a glut in the global oil market was persistent and ... Oil Traders Hoarding Most Oil Since 2009 Amass North Sea Fleet This part of the energy industry may be creating next 'day of reckoning' for oil Crude oil stockpile and record Middle East output threaten price recovery: IEA |
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