Reuters | Oil dips on glut concerns, but strong China imports support Reuters SINGAPORE (Reuters) - Oil dipped on Thursday on persistent worries about oversupply, but strong Chinese imports and signs that U.S. storage tanks are gradually being drained offered some support to prices. Brent crude futures were at $47.70 per barrel ... OPEC's oil output jumps again in June as the group struggles to end the crude glut Oil settles higher as EIA confirms a drop in US crude stockpiles Are Supermajors Spooked By Peak Oil Demand? |