Reuters | Oil down as dollar rally offsets China rate cut Reuters A stubborn global oil glut, partly due to record pumping by the biggest producers in OPEC, has prevented crude prices from staging a meaningful rebound despite a few sharp intermittent rallies since early September. U.S. crude stockpiles have risen for ... Oil Sells Off as Dollar Surges Against Bearish Global Backdrop Oil rises after China interest rate cut Oil prices rise, but stronger dollar lurks in the background |