CNBC | Oil closes at the lowest since April 25 amid threat of global glut CNBC Oil prices fell on Monday, with U.S. crude slipping to a 3-month low on rising concerns that a global glut of crude and refined products would pressure markets. Data from market intelligence firm Genscape pointed to an inventory rise of 1.1 million ... Oil falls on oversupply, demand concerns; US crude hits three-month low Here's Why Some Huge Hedge Funds Think Oil Prices Could Plunge Again Oil futures fall, pressured by persistent supply worries |